THORChain’s $618,000 Live Swap Puts Blockchain Transparency to the Test

TLDR: A single $618,000 BTC-to-USDC swap on THORChain exposed every transaction detail to the public in real time. GemWallet’s 50 basis point fee was written directly into the transaction memo, visible on-chain to anyone worldwide. THORChain allows users to swap assets without creating an account, submitting an ID, or seeking any permission. Every swap ever [...]

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