Crypto Lawyer Says THORChain's Decentralization Is Key Defense in Bitget Lawsuit
JH Kim
Summary
- Crypto lawyer Yuriy Brisov said the key defense for THORChain in litigation tied to Bitget will be whether it is decentralized.
- Brisov said proving that THORChain is a decentralized protocol could be the strongest defense in the Bitget-related lawsuit.
- He said NEAR's decision to block a specific address could lead to debate over control and legal liability in decentralized protocols.
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Crypto lawyer Yuriy Brisov said THORChain's main defense in litigation tied to Bitget will hinge on whether it can prove it is decentralized. He added that NEAR's move to block a specific address could lead to more complex legal issues.
Cointelegraph reported on October 30 that Brisov said proving THORChain is a decentralized protocol could be the strongest defense in the Bitget-related lawsuit.
He also said NEAR's decision to block a specific address could broaden the legal issues involved.
Brisov said such intervention could fuel debate over control and legal liability in decentralized protocols.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.