THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack
North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.
North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.
RUNE climbed to $0.67 at the time of writing from a local low of $0.59 at 12:20 a.m. UTC, according to TradingView data.
Onchain investigator ZachXBT reported Friday that funds stolen from Binance and September’s Bitget hack had passed through THORChain before being combined at the same Ethereum address.
THORChain allows users to swap assets across blockchains. North Korean hackers previously used the protocol to launder funds stolen in the $1.4 billion Bybit hack in February 2025. The protocol was also used to move funds stolen in the $388 million Bitget hack.