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RUNE Price Rises 10% Amid Reports of Illicit Fund Flows Through THORChain
(3 hours ago) · 1 source · Summarized by CryptoBipto
THORChain's native token RUNE increased approximately 10% in price. The price movement reportedly coincided with activity attributed to North Korean hackers who are said to be using the protocol to launder funds allegedly stolen from Binance.
WHY IT MATTERS
THORChain works like a decentralized currency exchange that lets people swap one cryptocurrency for another across different blockchains without needing to sign up or verify their identity.
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SOURCES
- coindesk.com
RELATED
RUNEBNBTHORChainMoney LaunderingNorth Korean HackersDeFi SecurityCross-Chain Protocols