$RUNE is the one taking the hit from the Binance fallout today.
Over the weekend the FBI, with the Secret Service and IRS, asked THORChain node operators and other swap services to block a list of addresses tied to the stolen Binance funds. The Block reported a good chunk of those funds already went through THORChain. Then swaps got paused on Sunday because of a software bug, and Chainalysis said that pause ended up slowing the hackers too.
CoinDesk had RUNE as the worst performer in its CoinDesk 100, down around 17% in a day. On Binance it's about 0.546 now, bounced off a 0.494 low.
For me the real question for traders is how THORChain answers the FBI, because the team hasn't said yet if nodes will block anything. Until that's clear the 0.58 to 0.60 area is heavy overhead.
Over the weekend the FBI, with the Secret Service and IRS, asked THORChain node operators and other swap services to block a list of addresses tied to the stolen Binance funds. The Block reported a good chunk of those funds already went through THORChain. Then swaps got paused on Sunday because of a software bug, and Chainalysis said that pause ended up slowing the hackers too.
CoinDesk had RUNE as the worst performer in its CoinDesk 100, down around 17% in a day. On Binance it's about 0.546 now, bounced off a 0.494 low.
For me the real question for traders is how THORChain answers the FBI, because the team hasn't said yet if nodes will block anything. Until that's clear the 0.58 to 0.60 area is heavy overhead.
