THORSwap exchange said on Friday it would shift into “maintenance” mode after a series of illicitly-linked funds were passed through the platform in the past several days. A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk. The move effectively pauses trading operations. However, services such as lending, borrowing and staking actions are all fully operational. THORSwap runs on THORChain, a network that allows users to freely trade tokens between different blockchains. In November 2022, hours after FTX and its related companies filed for bankruptcy, an unknown party managed to drain various wallets of as much as $600 million.
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