Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
THORSwap, the exchange that paused its platform last Friday following a series of trades related to the FTX hack, resumed services Friday after updating terms and conditions to exclude North Korea and other countries under financial sanctions by the U.S. and Europe.restrict users from accessing the exchange if they are based in countries sanctioned by the U.S., UK or the European Union. Specific countries cited include Myanmar, Cuba, Iran, Iraq, North Korea, Sudan, Syria and Zimbabwe..
The THORSwap protocol runs atop THORChain, a network that allows users to freely trade tokens between different blockchains. It had paused operations a week ago – shifting into"in recent weeks to various addresses and protocols – including THORSwap; the funds had sat dormant in the wallet for many months.
The FTX Exploiter wallet held some of the $600 million that was drained by hackers from wallets associated with Sam Bankman-Fried's FTX exchange, amid the chaos that followed the company's messing bankruptcy filing in late 2022. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form ofBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
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