THORChain’s RUNE token rose more than 13% to around $0.67 after Binance estimated the impact of its security breach at $6.3 billion. On-chain investigators reported that funds connected to the Binance and Bitget hacks passed through THORChain before being consolidated at the same Ethereum address. The protocol, previously used to move funds linked to the Bybit and Bitget attacks, rejects requests to block individual swaps and allows node operators to suspend trading on a blockchain or across the network. RUNE’s rally therefore came amid renewed scrutiny of decentralized platforms, whose permissionless infrastructure enables cross-chain transfers but makes it difficult to prevent stolen assets from passing through.
Source: Read the original article
