THORChain

8 hours agoNews Editor

THORChain faces scrutiny after refusing to block Binance hack flows as RUNE drops 17.7%

THORChain is under renewed pressure after the more than $6 billion Binance theft pushed the cross-chain protocol back into the center of a laundering debate that has followed it through past crypto hacks. The FBI said the attack was carried out by TraderTraitor, a North Korean hacking group tied to Lazarus Group and also linked in the report to the roughly $1.5 billion Bybit theft in February 2025. U.S. authorities then urged THORChain node operators, RPC providers, instant swap services, DeFi platforms and blockchain analytics firms to block transactions involving hundreds of listed ETH, BTC and SOL addresses. THORChain did not comply, saying its protocol is neutral and permissionless. Co-founder Chad Barraford said investigators do not need subpoenas to access the information THORNode operators can see, while co-founder JP Thor argued THORChain nodes should not be expected to censor transactions if Ethereum and Bitcoin nodes are not held to the same standard. Then an Ethereum chain reorganization on Oct. 31 triggered an abnormal double refund on a 10 ETH deposit, forcing an emergency halt across much of THORChain’s cross-chain swap functionality. That pause also stopped North Korean hackers from continuing to move funds through the protocol. THORChain later said the user returned the extra 10 ETH and the treasury is solvent again. CoinGecko data shows RUNE fell about 17.7% over the past 24 hours, as attention shifted from fee-driven activity to regulatory and security risk.

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RUNE

12 hours agoNews Editor

RUNE drops more than 20% in 24 hours, trades at 0.504 USDT

Market data showed RUNE, the token of THORChain, trading at 0.504 USDT after falling 20.22% over the past 24 hours. The token’s intraday low was 0.497 USDT. The move came after earlier developments tied to the Binance hack incident, when the U.S. Federal Bureau of Investigation, the Secret Service, and IRS Criminal Investigation called on THORNode operators, RPC nodes, and DeFi service providers to block related transactions. THORChain co-founder Chad Barraford said the information available to node operators is entirely public. The report was published by Odaily.

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THORChain

14 days agoNews Editor

THORChain keeps ZEC swaps paused after bug led to vault slashing

THORChain has kept ZEC swaps halted after a bug triggered vault slashing, according to the article summary and onchain records cited by TheDefiant. The available details are limited, but the report says roughly 140 RUNE was deducted from 18 node accounts. A fix is scheduled for the v3.21 upgrade, which is expected around Oct. 23. TheDefiant also noted that its articles are stored on Filecoin. No additional operational details, root-cause analysis, or restart timeline for ZEC swaps were provided in the supplied source text beyond the planned upgrade window.

620

THORChain

21 days agoNews Editor

THORChain says RUNE is fully unlocked, with supply reduced to 360 million

THORChain said its native token, RUNE, is now 100% unlocked, while the token’s supply has continued to decline over time. According to the protocol, RUNE was initially issued with a supply of 1 billion tokens, which was later reduced to 500 million. In May, THORChain said it burned 64.4 million RUNE from reserves under ADR-023, bringing the supply down again to 360 million. The project also outlined how system revenue is distributed. Nodes are required to bond RUNE to help secure THORChain and receive 59% of system revenue, which comes from fees paid by users making cross-chain swaps. Another 20% is currently directed to protocol-owned liquidity. THORChain said it deposits RUNE every three days into the pool with the highest fee-to-depth ratio, with half of that amount retained in RUNE and held by the protocol.

780

PaperTrade

22 days agoNews Editor

Trader Rune flags PaperTrade pricing flaw risk, says suspected exploit caused small ETH move on Hyperliquid

ChainCatcher reported that crypto trader Rune said on X that PaperTrade’s own official documentation had already disclosed a protocol-level risk tied to its pricing mechanism. Based on screenshots of the documentation shared by Rune, an attacker could manipulate prices by using the BBO, or Best Bid and Offer, from the Hyperliquid order book. The issue, as described in the post, touches several areas at once: an unresolved path for price manipulation, contract-level economic design and exposure controls, and operational safeguards including permission management. Rune also reposted comments from community user boblob, who said two wallets were suspected of actively exploiting the issue on PaperTrade. According to boblob, trading of roughly $20 million briefly caused ETH on Hyperliquid to move by about 10 to 20 basis points. boblob added that the protocol’s current problems should be fixed as soon as possible, warning that they could affect PaperTrade’s long-term sustainability if left unresolved.

660

Robinhood

2 months agoNews Editor

FAMI and JINQIAN frenzy on Robinhood chain unraveled as a ticker-copy token trade

A fast-moving trade around FAMI and JINQIAN on Sept. 2 pushed a meme-style narrative from crypto into U.S. equities, sending a token called JINQIAN above a $70 million market cap within an hour and lifting a separate on-chain token named FAMI to roughly $100 million at its peak. At the same time, Nasdaq-listed Farmmi Inc., which trades under the ticker FAMI, surged more than 300% intraday and briefly traded near $0.4 as volume expanded into the hundreds of millions of shares. The setup drew attention because it appeared to match a plan floated two days earlier by crypto trader Rune, who said he had bought 37.4% of a small-cap Nasdaq company in an OTC deal and intended to tokenize the stock on Robinhood Chain, pair it with a meme coin, and force a short squeeze. But Rune later said the token launch was not his. He said the acquisition statement had been written with Claude and posted by him, while another person used the idea to issue tokens and build liquidity pools. On-chain records cited in the source show the FAMI token was deployed on Sept. 1 and structured to mirror Rune’s numbers, including a 37,430,000 supply and an initial allocation close to the 37.4% figure he had mentioned. The larger problem, though, is that Robinhood recognizes only official stock-token contract addresses, and the platform’s asset list does not include FAMI. That means the token that rallied on-chain was not an official Farmmi stock token and had no direct claim on the listed shares.

740

Bitget

2 months agoNews Editor

Bitget presses THORChain to block hacked funds, reigniting debate over protocol intervention

Bitget’s dispute with THORChain has sharpened after Bitget CEO Gracy publicly asked the cross-chain liquidity protocol to deny service to addresses tied to the exchange’s Sept. 24 hack. THORChain pushed back, saying it operates as permissionless infrastructure in the same way Bitcoin, Ethereum and BNB Chain do, and should not be singled out to perform censorship. The clash has turned attention to a harder question: whether THORChain’s node governance can selectively intervene, and if so, when it chooses to do it. The article traces how THORChain’s design lets native assets move across chains without wrapped tokens, making it possible for stolen assets to be converted into native BTC, where centralized issuers can no longer freeze or reverse transfers. On-chain tracking cited in the report says about 103 million XRP, worth roughly $157 million, has already been swapped out through THORChain, while most of the ETH has not yet moved. The report also contrasts two past governance episodes. In May 2026, THORChain coordinated a shutdown in about two hours after its own vault was exploited, keeping trading paused for 39 days. In the 2025 Bybit case, a vote to pause ETH trading briefly passed and was then overturned within minutes. That comparison has fueled criticism that the issue is less about technical limits than about willingness to act.

1140

RUNE

2 months agoNews Editor

RUNE climbs past $0.8, hitting its highest level since Nov. 12, 2025

RUNE, the THROChain token, rose above $0.8, according to Binance market data. The move left the token up about 25% over the past 24 hours. Binance data also showed the price reaching its highest level since Nov. 12, 2025. The report did not provide additional trading details beyond the price level, the daily gain, and the time reference for the latest high. Foresight categorized the update under market analysis.

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