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via coindesk.comTech & AI

THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loot

FROM THE WIRE · COINDESK.COM

North Korea's TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier wave of conversions from Tron.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralStolen funds routed through THORChain may attract regulatory scrutiny and volatility in the RUNE token.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TraderTraitor, according to the text, is routing Binance hack proceeds through THORChain.
  2. 02The conversions swap ether for bitcoin, after an earlier wave of conversions from Tron.
  3. 03The RUNE token jumps 10% on the news.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
THORChainRUNEUSDCrypto0.627029 USD-0.72%today -1.02%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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