THORChain RUNE rises 10% as hackers move Binance loot
In short
North Korea’s TraderTraitor is moving Binance hack money through THORChain. The group is swapping ether for bitcoin, after earlier conversions from Tron, and RUNE jumped 10%.
This matters because the laundering activity is tied to a token price move and a major crypto security issue. The report does not say how much was moved or whether the flows have ended.
What the reporting says
North Korea’s TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier wave of conversions from Tron, according to a publisher summary. The reported laundering flow helped push THORChain’s RUNE up 10%. The report does not say how much money was moved in this wave or whether the activity has been stopped.
Why it matters
North Korea’s TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier round of conversions from Tron. The publisher summary links that activity to a 10% rise in THORChain’s RUNE token. The source does not state the amount laundered or whether the chain activity has been blocked, so the lasting effect is unclear.