THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loot
Source: CoinDesk ·
From the source
North Korea’s TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier wave of conversions from Tron. The hackers behind Binance’s $6.3 billion heist, North Korea’s TraderTraitor group, are now using decentralized exchange THORChain to launder the funds. THORChain’s native token, RUNE, rose nearly 10% over the past 24 hours as the network resumed cross-chain trading. Swaps generate fees for the network, while RUNE is paired with assets in its liquidity pools and used to settle trades . After the 2025 Bybit hack, THORChain processed a then-record $4.66 billion in swaps in the week ended March 2. In its latest update, Lookonchain said the attackers were splitting stolen SOL across wallets, selling it for the dollar-pegged stablecoin USDC and moving the proceeds to Ethereum. They then bought ether and swapped it for bitcoin through THORChain. The moves come after an earlier wave of conversions from Tron. In a Nov. 1 analysis , onchain…