RUNE Falls 20% Amid Scrutiny Over THORChain’s Binance Hack Flows

THORChain’s native token, RUNE, fell about 20% over 24 hours and briefly traded below $0.50 amid concern over the protocol’s role in converting funds linked to the Binance hack and its exposure to security and regulatory pressure. On-chain flows tied to the breach included about 185.1 million TRX and 3.83 million USDT across roughly 2,697 deposits. THORChain swaps netted about $48.3 million, while roughly $42.7 million was received; about $5.7 million was lost to fees and slippage. The FBI, U.S.

Source: TokenPost