THORChain Faces Crisis as Key Developer Steps Down Amid North Korean Scandal

THORChain Faces Crisis as Key Developer Steps Down Amid North Korean Scandal

A developer from THORChain, known as Pluto, has announced his departure from the decentralized liquidity protocol following a contentious decision involving North Korean-linked transactions. The controversy emerged after a vote by the network’s validators to block these transactions was swiftly overturned, raising concerns about the platform’s governance and resilience to regulatory challenges. Validator Pushback and … Read more

South Korea Crisis Sparks $34.2 Billion Explosion In Crypto Market

South Korea

Last Tuesday, South Korea President Yoon Suk Yeol surprised the country by declaring a martial law. The President’s surprise announcement, later reversed, created political chaos and rattled the markets. South Korea’s stock market fell in Wednesday morning trading and the benchmark Kospi dipped by 2% as a result of the tumult. Even before the markets … Read more