1H
0.07%$0.0010
24H
-1.58%$0.0238
7D
-8.84%$0.1435
30D
-21.4%$0.4020
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.
North Korea’s Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.
In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.
THORChain (RUNE) decentralized exchange (DEX) volume has shot up a massive 300% in the past seven days alone.
Bybit exchange is on a recovery mode as the hackers behind the exploit have laundered $250 million of the funds.
THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.
In the following guide, we will observe the emergence of virtual worlds and the participation of people in these realms, define the difference between centralized and decentralized metaverses, and see which is better for your purposes.
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