Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform.
THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online. The platform asked users to resume their regularly scheduled swapping of over 5,500 assets across 10 blockchains from their own self-custody wallets.
The protocol initially halted swaps on its platform on Oct. 6 as an immediate measure to counter the potential movement of illicit funds. THORSwap acknowledged that its DEX platform encountered illicit use and decided to pause to find a permanent solution to the misuse.
According to the latest announcement, THORSwap hasn’t applied any big changes on its platform other than the “shiny new terms of service.”
Updated on Oct. 11, THORSwap’s new terms of service read that users must comply with applicable laws like Anti-Money Laundering and agree to not engage or assist in any activity that violates sanctions programs or involves any unlawful financial activity. The updated terms also state that THORSwap reserves may restrict users from using the platform in case of violations, stating:
“THORSwap reserves the right to terminate your access to the THORSwap…
