THORChain’s RUNE Rallies as Binance Hack Funds Move Through Protocol

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: THORChain’s RUNE token climbed more than 13% to $0.67 after Binance confirmed a $6.3 billion security breach. The price increase came as on-chain investigators reported that funds connected to the Binance and Bitget hacks had passed through THORChain, bringing renewed attention to the protocol’s role in cross-chain cryptocurrency transactions. THORChain’s native RUNE token recorded a significant rally on Friday, gaining more than 13% following news of Binance’s record-breaking $6.3 billion security breach. According to TradingView data, RUNE climbed to approximately $0.67 from a local low of $0.59 recorded earlier in the day. The price movement came as investigators examined the movement of stolen cryptocurrency through decentralized platforms, including THORChain. The development has placed the cross-chain protocol back in the spotlight, particularly because it has previously been used to move funds associated with several major cryptocurrency exploits. Binance Hack Brings THORChain Under Scrutiny Reports show that funds connected to the Binance breach and September’s $388 mi...