Key Highlights Bitquery traced 233.5 million $XRP from five Binance accounts involved in the October 29 attack. Elliptic estimated that the tracked balance fell from about 192 million $XRP on November 6 to about 60 million by November 10. THORChain trading halts, refunds, liquidity and streaming swaps make completed conversions different from deposits or pending ...
Key Highlights: THORChain has resumed Bitcoin, Ether, and Tron swaps following an emergency pause triggered by an Ethereum block reorganization on October 31. Trading for Cosmos Hub and Solana remains restricted, with network operators actively deploying patch version 3.21.1 to resolve lingering swap performance issues. The protocol’s recovery coincides with an FBI warning urging infrastructure ...
Key Highlights: Binance resumed phased withdrawals after a $6.3 billion cyberattack attributed by the FBI to North Korea’s TraderTraitor, recording $3.64 billion in net outflows while covering 95% of stolen assets. Bitcoin traded near $77,900 amid $643 million in U.S. spot ETF outflows on Friday, while crypto derivatives markets saw a 56% volume surge characterized ...
Key Highlights On-chain transactions sent to the hacker’s wallet addresses contained unsolicited messages urging the perpetrator not to return assets to CZ and linking to a fake THORChain swap platform. THORChain halted operations across 10 of its 13 supported blockchains over the weekend following the exploiter’s illicit movement of stolen digital assets. Unfazed by marketing ...
Key Highlights Approximately $242 million connected to the recent Binance hack was moved via Tron-related pathways just two days following the security incident. Tether intervened by freezing roughly $378.7 million in USDT, prompting the attacker to launder and obscure funds through protocols like Relay and THORChain. The vast majority of the broader haul—surpassing $3 billion ...
Key Highlights: THORChain node operators halted cross-chain swaps across 10 major networks, including Bitcoin, Ethereum, Solana, and Tron, to address a critical vulnerability related to external blockchain reorganizations. Blockchain analytics firm Chainalysis confirmed that the emergency halt unintentionally obstructed North Korean cybercriminals from laundering assets stolen during the recent $6.3 billion Binance exploit. The shutdown ...
Key Highlights: Stolen funds tied to major security breaches at Binance and Bitget were routed through THORChain, pointing toward a single potential threat actor. THORChain experienced a massive surge in usage, pushing network fees to a weekly peak of $11K and driving RUNE trading volume up by more than 393%. Despite aggressive buying momentum that ...
Key Highlights: THORChain swap fees and revenue dropped 82% below the highs recorded during late September, when illicit flows linked to the Bitget security breach artificially drove up volume. Capital movements from the Bitget exploit accounted for approximately 57% to 63% of THORChain’s total September trading volume and protocol income. The network increased its active ...
Key Highlights Tether quickly reversed the freezing of four THORChain USDT vaults on the TRON network after three hours, restoring access to $1.45 million in liquidity while keeping 19 other addresses frozen. TRON’s USDT supply expanded by 24.7% over the past year to $94.25 billion, elevating the network’s importance for cross-chain liquidity and everyday settlement. ...
Key Highlights: THORChain’s TRON-based USDT vaults holding approximately $1.45 million were temporarily frozen before operations resumed roughly two hours later. Trading, signing, and liquidity actions on TRON halted during the freeze, causing an estimated $363,000 in payouts to become queued. The temporary restriction highlights the ongoing tension between decentralized protocol operations and centralized stablecoin issuer ...
Key Highlights: THORChain has completed the infrastructure work needed to track the Zcash ledger across active network nodes. Liquidity-provider deposits are open, but direct $ZEC swaps remain disabled until the trading engine is activated. Developers warned that low initial liquidity could create substantial slippage, particularly for larger trades. THORChain Completes Zcash Integration Milestone THORChain has ...
Key Highlights $NEAR intercepted and is holding $503,000 linked to the Bitget breach. The incident highlights a growing divide over whether cross-chain infrastructure should screen suspected stolen funds. No public release authority or remedy for wrongly flagged users has been identified. $NEAR’s Bitget screening decision challenges crypto’s permissionless model Shevchenko positioned the blocked $503,000 against ...