Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #3

THORChain Halts Swaps, Token Plunges 19% After Binance Hack

Original: 🪙 THORChain Plunges 19% as Binance Hack Fallout Forces Swap Halt A $6.3 billion hack at Binance has rippled into THORCha

THORChain has suspended its cross-chain swap service across ten blockchain networks and its RUNE token fell 19%, in fallout from a $6.3 billion hack at Binance. The broader crypto market shed 2.8% over 24 hours as traders assessed contagion risks from the exchange breach.

Why now: A major Binance security breach is shaking confidence across the crypto market and hitting closely linked projects like THORChain.

THORChainBinanceRUNE

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Evidence

• 🪙 THORChain Plunges 19% as Binance Hack Fallout Forces Swap Halt A $6.3 billion hack at Binance has rippled into THORChain, which suspended swaps across ten blockchain networks as its token tumbled sharply, while the broader crypto market shed 2.8% over 24 hours. # Crypto #… · loopwire

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