THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform. The decision was made after consultation with advisors, legal counsel, and law enforcement. THORSwap will remain in this mode until a more permanent and robust solution can be implemented to ensure the platform’s continued security and integrity.Meanwhile, decentralized finance (DeFi) lending protocol Yield Protocol announced the decision to permanently shut down due to lack of business demand and rising regulatory pressures. All borrowing and lending will end by December 31st. Unfavorable crypto regulations in the United States, Europe and the United Kingdom became one of the main reasons for Yield Protocol’s untimely shutdown.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇬🇧
Sentiment	neutral
Relevance Score	8
People	None
Companies	THORChain, Yield Protocol, THORSwap
Currencies	BUSD, Ethereum, Bitcoin, THORChain, THORSwap
Securities	None