The THORSwap decentralized exchange (DEX) team said it has resumed trading operations and updated the documentation to help prevent illicit transactions.
THORSwap is back online! Please resume your regularly scheduled swapping of over 5,500 assets across 10 blockchains, right from your own self-custody wallet.
What\’s changed? Other than the shiny new terms of service, users won\’t notice a thing. Behind the scenes, we\’ve partnered…
— THORSwap ⚡ #BetterThanCEX (@THORSwap) October 12, 2023
“Behind the scenes we have entered into partnerships with an industry leader to establish additional safeguards to prevent illicit funds from flowing to the platform,” the statement said.
The updated Terms of Service include steps to combat illicit transactions and compliance with sanctions-related restrictions on users from countries under U.S. sanctions.
“We may need to tweak [some things] in the coming days, so if you notice something in the app isn\’t working, please open a ticket on Discord to let us know,” the team said.
The THOR governance token — THOR — rose by 9.6% in the last 24 hours, according to CoinGecko. At the time of writing the asset trades at $0.16.
The ecosystem token RUNE also reacted with a rise — in the last 24 hours the coin gained 10.7%. The current price is $1.67.
On 6 October, THORSwap temporarily switched the interface to maintenance mode. The developers took this step after repeated reports that the hacker who breached FTX and other criminals are using the DEX for illicit transactions.