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Tuesday

27 July 2021

Thorchain’s RUNE Token Slides 15% Following Multi-Million Dollar Exploit - Decrypt

Thorchain’s RUNE Token Slides 15% Following Multi-Million Dollar Exploit - Decrypt


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Thorchain is a DeFi protocol that connects different blockchains like Bitcoin and Ethereum.

The price of RUNE, the native token of decentralized finance (DeFi) liquidity protocol Thorchain, dropped by about 15% today following yesterday’s attack which saw hackers drain 2,500 Ethereum (ETH) tokens (around $4.8 million at current prices) from the platform’s liquidity pools.

Based on theCosmos blockchain, Thorchain is a decentralized liquidity platform that allows users to swap their tokens across various blockchains, including Bitcoin, Ethereum, Bitcoin Cash, Binance Smart Chain, and Litecoin.

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