ZachXBT Links 188 BTC From Coinbase Hack to THORChain: Should Permissionless Protocols Care?

Tension rises between centralized and decentralized finance as accusations surface over a recent Coinbase breach. ZachXBT alleges that more than 188 Bitcoin (BTC) stolen from users in the Coinbase breach were exchanged for ETH using the permissionless protocol THORChain. Bitcoin Swaps Prompt Social Media Outcry The controversy intensified when blockchain investigator ZachXBT claimed on X (Twitter) that BTC involved in the Coinbase incident had been swapped for ETH via THORChain. ZachXBT stated: “You do realize all of the BTC originates from one of the Coinbase user thefts from the Coinbase breach right?” ZachXBT asked THORChain source: https://beincrypto.com/thorchain-swap-coinbase-stolen-btc/