THORSwap Limits Operations Due to Influx of Illegal Funds

THORSwap, a Decentralized Exchange (DEX), has temporarily put its interface into maintenance mode due to the discovery of potentially illegal transactions.

According to the project team, the exchange does not condone criminal activities and has taken this action to ensure the integrity and security of the platform.

Prior to this decision, THORSwap consulted with consultants, lawyers, and law enforcement agencies.

The exchange will stay in maintenance mode until a more permanent and reliable solution is implemented.

This step was prompted by multiple reports of hackers involved in the FTX hack and other criminals using DEX to transfer funds.

Taylor Monahan, the head of product at ConsenSys, stated that these hackers, along with individuals involved in money laundering activities, have a fondness for THORSwap.