THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loot

THORChain’s RUNE jumps 10% as North Korean hackers resume laundering Binance loot. THORChain’s RUNE jumps 10% as North Korean hackers resume laundering Binance loot Markets THORChain’s RUNE jumps 10% as North Korean hackers resume laundering Binance loot North Korea’s TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier wave of conversions from Tron. By Francisco Rodrigues | Edited by Jamie Crawley Nov 4, 2026, 7:49 a.m.

RUNE rose 10.6% to $0.637 as THORChain resumed trading on most chains after an Oct. Converting to bitcoin and ether puts funds beyond issuer freezes. Elliptic says little has been cashed out and expects OTC cash-outs over months.

The hackers behind Binance’s $6.3 billion heist, North Korea’s TraderTraitor group, are now using decentralized exchange THORChain to launder the funds. THORChain’s native token, RUNE, rose nearly 10% over the past 24 hours as the network resumed cross-chain trading. Swaps generate fees for the network, while RUNE is paired with assets in its liquidity pools and used to settle trades.