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THORChain Restarts Most Swaps After Analyst Said Operators Would Expect North Korea to Launder
Jonty, founder of Pangolin Intelligence, said in an Unchained episode recorded Nov. 2, while 10 chains were still halted, that a node operator voting to switch THORChain back on would be doing so "knowingly," expecting North Korea to launder billions in stolen money; THORNode data showed Bitcoin, Ether and Tron swaps running again by 3:50 p.
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Swaps have returned on most networks that THORChain paused following the October 31 Ethereum reorg, based on THORNode figures checked at 3:50 p.m. ET on November 3. Bitcoin Cash, Dogecoin, Litecoin and Zcash came back between roughly 11:36 and 11:43 a.m. ET, Bitcoin near 12:09 p.m., and Ethereum and Tron around 2:58 p.m. BNB Smart Chain, Cosmos Hub and Solana remained paused, with the latter two offline before the reorg. Unchained located no restart announcement from the project. Jonty, the Pangolin Intelligence founder who posts as tanuki42, said operators who vote to re-enable the chains would knowingly help North Korea launder stolen money.
Why it matters: The restart is significant because it reopens trading on several major chains while disputes continue over whether the network is being used to launder stolen funds.
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