THORSWap exchange said on Friday it will shift into'maintenance' mode after a series of illegally-connected funds were passed through the platform in the past few days.
A THORSwap developer said the team'stands firmly against any and all criminal actions'.
THORSwap developers posted a message on Twitter letting users know what they were working on.
s continued security and integrity, they added.
The move effectively haltes trading operations. However, services such as lending, borrowing and staking actions are all fully operational.
In November 2022, hours before FTX and its related companies filed for bankruptcy, an unknown party managed to drain various wallets of as much as $600 million.
The hacker, whose identity is unknown to this day, has managed to pass over 15,000 ether using numerous platforms, including THORSwap. The moving funds, which are coming soon before FTX founder and former chief executive Sam Bankman-Fried goes on trial, deepen one of the ongoing mysteries surrounding the exchange's collapse last year.