THORChain halts Bitcoin and Ether swaps: Binance loot stalls, RUNE down 18 percent

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.An Ethereum reorg has halted swaps on ten blockchains at THORChain, and Bitcoin, Ether and Solana remain blocked. That also stalls a route used to launder the loot from the Binance hack, and the RUNE price is down more than 18 percent.Add as a preferred source on GoogleFollow on Google NewsTHORChain halted trading on ten of its 13 connected blockchains on Saturday, October 31, including Bitcoin, Ethereum, Solana and Tron. The trigger was a technical fault, not a response to the Binance hack. The pause still hits the attackers: part of the loot from the theft of around $6.3 billion was moved through THORChain, and that route is closed for Bitcoin and Ether for now. RUNE, the token the protocol runs on, lost more than 18 percent in 24 hours. THORChain is a decentralised protocol for cross-chain swaps. Anyone who wants to swap Bitcoin for Ether there needs neither a centralised exchange nor a customer account. That is exactly what makes it popular with hackers, and exactly why it i...