[CoinDesk] THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loo...
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THORChain's RUNE token rose 10% as North Korean hacking group TraderTraitor resumed laundering proceeds from the Binance hack through the protocol, swapping ether for bitcoin after an earlier round of conversions from Tron. The renewed activity signals that the hackers are continuing to move stolen funds across chains via THORChain's cross-chain swaps rather than cashing out. Traders appear to be treating the increased volume as a demand driver for RUNE, which is used for liquidity and fees within the network. The earlier Tron-to-bitcoin conversions had already drawn attention to THORChain as a preferred laundering route. Market participants will watch whether the ether-to-bitcoin swaps accelerate and whether RUNE's price gains hold as the laundering campaign continues.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
RUNE (RUNE), THORChain (RUNE), North Korea, TraderTraitor, Binance
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