MIT Technology Review
Welcome to the dark side of crypto’s permissionless dream
The article delves into the dark side of cryptocurrency's permissionless dream, focusing on THORChain and its controversial leader, Jean-Paul Thorbjornsen. THORChain, a decentralized blockchain for swapping cryptocurrencies, faced issues like frozen accounts and being used by hackers to move stolen funds. Questions arose about the network's decentralization and Thorbjornsen's role in its operations. Despite claims of decentralization, THORChain's admin keys allowed for centralized control, leading to user distrust and financial losses. Thorbjornsen's leadership and involvement in THORChain's controversies have raised concerns about accountability and the true nature of the blockchain.
MIT Technology Review•