
ThorChain Co-Founder Loses $1.3M in North Korean Deepfake Scam
North Korean crypto hackers recently scammed ThorChain co-founder and stole $1.3 million in cryptocurrency.
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North Korean crypto hackers recently scammed ThorChain co-founder and stole $1.3 million in cryptocurrency.
THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.
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