
Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.
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.
The majority of validators and other governance members voted in favor of converting debt into equity, moving forward with the TCY issuance.
Qubetics stands out with innovative development tools, while Binance, Litecoin, Near Protocol, THORChain, and Fasttoken round out the list with their unique value propositions.
The focus is shifting from Ondo to two other promising projects: THORChain (RUNE) and Raboo (RABT).
A new year also marks a new beginning or a new boom of cryptocurrencies on the market.
Explore the crypto sphere’s thriving ventures: VC Spectra (SPCT) surpasses funding goals, Polkadot (DOT) surges 35%, and THORChain (RUNE) soars 91% in December.
Which is the best cryptocurrency investment between SPCT, RUNE, and APT? Let’s find out!
Erik Voorhees, a prominent Bitcoin advocate, highlighted THORChain’s significance by noting that it processed almost 2%, equivalent to $224 million, of the overall spot Bitcoin trading volume between November 11 and 12.
Analysts are optimistic about the profit potential of THORChain (RUNE), VC Spectra (SPCT), and Arbitrum (ARB) due to various factors, including groundbreaking developments, innovative strategies, and ecosystem enhancements.
Everlodge (ELDG) is a project that gained the most attention with its presale and can surge in value to $0.035.
Speculations are rife in the market as THORChain (RUNE) is projected to hit $2 soon, while Watchvestor (WVTR) and Toncoin (TON) are attracting many investors.