The tension between centralized and decentralized finance has escalated following accusations of a recent Coinbase breach. ZachXBT claimed that over 188 Bitcoin stolen in the breach were converted to ETH using THORChain. The controversy deepened when ZachXBT alleged that the BTC from the Coinbase incident was swapped for ETH via THORChain. This accusation sparked a debate, with THORChain developers and users defending the platform's impartial transaction processing. They argue that the responsibility lies with centralized exchanges like Coinbase for compromised user security. Supporters of decentralized protocols emphasize the importance of permissionless swaps and highlight the differences between centralized vulnerabilities and DeFi's impartiality. The debate also questions whether THORChain should celebrate large transactions from questionable sources. Overall, the incident underscores the ongoing discussion on the role of decentralized platforms in enabling secure and transparent financial transactions. Read more AI-generated news on: https://app.chaingpt.org/news

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