THORChain’s RUNE Token Rises 13% After Binance Suffers $6.3 Billion Hack

Following the massive $6.3 billion hack on Binance, THORChain’s native token RUNE saw a notable price increase of 13%, according to CoinTelegraph. The surge highlights increased market activity and interest in the token amid the crypto security breach.

CoinTelegraph also reported that North Korean hackers have previously exploited THORChain to launder stolen funds from other major exchanges such as Bybit and Bitget. This connection may have influenced the recent price movement as traders react to the unfolding events.

For Japanese investors, the incident underscores the ongoing risks within the crypto ecosystem and the importance of monitoring cross-chain protocols like THORChain, which have become focal points in illicit fund transfers.