Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers

Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers

On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap, while the decentralized exchange (dex) platform’s operators disclosed a collaboration with an organization to introduce “some extra guardrails” aimed at curtailing the circulation of unauthorized funds.
Thorswap Reopens With Stricter Protocols: A Dozen Nations Banned in Wake of High-Profile Transfers
Subsequent to the incident where an FTX hacker channeled millions in cryptocurrency through Thorswap, the platform’s operators acted swiftly on October 6, placing a temporary stop to dex operations. The team asserted their staunch opposition to “any and all criminal actions.” Now, less than a week later, Thorswap is back in business, this time fortified with new “guardrails.”
On October 12, the team announced on social media platfo

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