According to @zachxbt, a threat actor bridged funds from Bitcoin (BTC) to Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) via THORChain, with the swaps identifiable by OP_Return memos shown in the attached screenshots, source: @zachxbt. He states the main counterparty taking the other side of these THORChain swaps uses Binance for arbitrage, source: @zachxbt. He identifies bc1qgkjems88jyk8hasj9ncspxz093nepdn00vaq0y as the THORChain user (threat actor) and labels bc1q30drw0j0erj804lyvl8pxrj789kaplpu2dryx9 and bc1q5yn5hpduzgcpskxjk49dyaczjsgwg5zvwsnahc as Asgard vault addresses, source: @zachxbt. He notes these transactions can be verified via THORChain block explorer evidence using OP_Return memos that mark THORChain swaps, source: @zachxbt. He adds that while Arkham is a useful free analytics tool, it does not attribute cross-chain swaps or UTXO flows well, cautioning analysts on cross-chain attribution, source: @zachxbt. For traders, the identification of a Binance arbitrage counterparty and specific Asgard vault addresses enables targeted monitoring of RUNE liquidity and cross-chain flows between BTC, ETH, LTC, and XRP on THORChain, source: @zachxbt.

According to @EmberCN, a whale or institution today swapped 404 BTC worth about $38.84M for 11,533 ETH using THORChain cross-chain swaps (source: @EmberCN). Over the last two days, the same entity cumulatively converted 686.1 BTC worth about $65.17M into 19,631 ETH at an average execution price of $3,302 per ETH (source: @EmberCN). These on-chain BTC to ETH rotations via THORChain highlight concentrated ETH buy flow versus BTC sell flow, a setup traders can track through the ETH/BTC pair and THORChain liquidity for short-term flow monitoring (source: @EmberCN).

According to Onchain Lens, a whale swapped 323.26 BTC worth 31.15 million USD for 9,240.6 ETH, bringing the two-day total to 686 BTC worth 65.16 million USD exchanged for 19,631 ETH via ThorChain at a stated price of 3,319 USD per ETH, source: Onchain Lens. The earlier tranche was 363 BTC worth 34 million USD for 10,390.5 ETH at 3,273 USD per ETH, while the latest tranche implies about 3,370 USD per ETH based on 31.15 million USD for 9,240.6 ETH, sources: Onchain Lens and calculations from Onchain Lens figures. The swaps route through ThorChain address 0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21, which can be reviewed on the ThorChain explorer and Arkham Intel for transaction activity confirmation, sources: ThorChain explorer address 0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21 and Arkham Intel explorer for the same address. This flow represents net on-chain selling of 686 BTC and net purchase of 19,631 ETH, providing concrete BTC-to-ETH flow data relevant for ETH BTC pair monitoring and liquidity tracking, sources: Onchain Lens and ThorChain explorer address 0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21.

According to @OnchainLens, over the past 2 days a whale swapped 363 BTC (about $34M) for 10,390.5 ETH at an average price of $3,273 via ThorChain, source: Onchain Lens X post dated 2026-01-16; ThorChain explorer address 0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21; Arkham Intelligence address page. The implied ETH/BTC rate was roughly 28.63 based on 10,390.5 ETH divided by 363 BTC, source: Onchain Lens figures; ThorChain explorer records. The involved wallet is 0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21 and can be monitored on ThorChain and Arkham Intelligence for further on-chain movements, source: ThorChain explorer; Arkham Intelligence.

According to @lookonchain, a whale swapped 282.17 BTC (approximately $26.33M) for 8,098 ETH via THORChain today (source: x.com/lookonchain/status/2011342447302115553; source: thorchain.net/address/0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21). @lookonchain also reports that over the past 16 days a whale cumulatively exchanged 1,466 BTC (approximately $132M now) for 43,649 ETH (approximately $139M now) (source: x.com/lookonchain/status/1998973903436394743; source: thorchain.net/address/0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c?type=swap&page=1). The activity is linked to addresses tracked for verification on Arkham Intelligence (source: intel.arkm.com/explorer/address/0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c; source: intel.arkm.com/explorer/address/0x7Cb55E2503877fb46d8b30ff6Bb4735Ffcc17dfc).

According to @EmberCN, a large whale or institution swapped 282.1 BTC, approximately $26.33 million, for 8,098 ETH via THORChain at an ETH price of $3,251. Source: @EmberCN. The entity still holds 646.5 BTC valued around $61.68 million. Source: @EmberCN. The ETH receiving address was disclosed by the source. Source: @EmberCN.

According to @lookonchain, Erik Voorhees deposited another 1,635 ETH, valued at approximately $4.81 million at the time, into THORChain to swap for BCH (source: @lookonchain on X, Dec 25, 2025). @lookonchain provided on-chain transaction links indicating the deposit and planned ETH-to-BCH swap route via THORChain (source: @lookonchain on X, Dec 25, 2025).

According to Lookonchain, a 9-year-dormant wallet (0x03b5) exchanged 4,619 ETH, valued at about 13.42 million USD, for 24,950 BCH over the past two weeks, indicating a large-scale rotation from ETH to BCH. According to Lookonchain, the activity was surfaced alongside on-chain references to THORChain and Arkham pages tracking addresses 0x3508... and 0x03b5.... According to Lookonchain, the reported totals imply roughly 5.40 BCH per ETH and about 538 USD per BCH based on the USD value it provided. According to Lookonchain, the wallet is possibly linked to Erik Voorhees, though this attribution remains unconfirmed.

According to @lookonchain, a whale exchanged 1,466 BTC valued around USD 132M now for 43,649 ETH valued around USD 139M now over the past 16 days, indicating a large BTC to ETH rotation based on on-chain traces (source: https://twitter.com/lookonchain/status/1998973903436394743). The swaps are traceable via the THORChain swap address 0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c (source: https://thorchain.net/address/0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c). Related wallet activity is visible on Arkham Intelligence at 0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c and 0x7Cb55E2503877fb46d8b30ff6Bb4735Ffcc17dfc (source: https://intel.arkm.com/explorer/address/0x9F619C4F0E0519ead0aA4F35ceA7aF313D35A87c and https://intel.arkm.com/explorer/address/0x7Cb55E2503877fb46d8b30ff6Bb4735Ffcc17dfc). Based on the reported unit counts, the flow implies roughly 29.8 ETH per BTC and a combined current notional near USD 271M, derived from the same figures shared by @lookonchain (source: https://twitter.com/lookonchain/status/1998973903436394743).

According to Binance, the exchange has supported the THORChain (RUNE) network upgrade, as announced on its official X account on Dec 8, 2025; details are referenced via the linked support notice. source: Binance on X https://twitter.com/binance/status/1998043620516209065; source: Binance Support https://www.binance.com/en/support/announcement/detail/665d28422a614825a754481f6e57eb4b For traders, Binance directs users to its support page for any operational updates related to RUNE deposits and withdrawals around the upgrade window. source: Binance Support https://www.binance.com/en/support/announcement/detail/665d28422a614825a754481f6e57eb4b Monitoring the Binance Support notice will help assess any timing changes that could impact on-chain settlement for RUNE transfers during the upgrade period. source: Binance Support https://www.binance.com/en/support/announcement/detail/665d28422a614825a754481f6e57eb4b

According to @CoinMarketCap, THORWallet has integrated TRON blockchain support, enabling cross-chain swaps for TRX and USDT (TRC-20) with routing via THORChain and NEAR Intents, source: CoinMarketCap on X, Nov 28, 2025. For traders, users can now swap between TRON and Bitcoin, Ethereum, Solana, and BSC directly within THORWallet using THORChain and NEAR Intents routing, providing additional on-chain swap paths for TRX and TRC-20 USDT across BTC, ETH, SOL, and BSC networks, source: CoinMarketCap on X, Nov 28, 2025.

According to @CryptoCoinCoach, RUNE is trading within a Descending Broadening Wedge and drifting toward the pattern’s lower boundary, source: @CryptoCoinCoach (X, Nov 12, 2025). According to @CryptoCoinCoach, this wedge structure is often linked with potential bullish reversals once the ongoing downtrend loses momentum, source: @CryptoCoinCoach (X, Nov 12, 2025).

According to @lookonchain, JP (@jpthor), the co-founder of THORChain and Vultisig, was scammed out of approximately 1.3 million dollars by North Korean hackers via a conference call scam, with a referenced transfer at Etherscan transaction 0x348c67dd3f9c4a8cdfbf526511820b73e58fbd01fe84355713351b5889f82ba0 (source: @lookonchain; source: Etherscan). According to @zachxbt, JP and his products have benefited from helping North Korean hackers launder funds, linking the allegation to THORChain and Vultisig activity (source: @zachxbt). For traders, the directly related crypto asset is THORChain’s token RUNE and the associated wallet product Vultisig, with verification via the cited on-chain transaction hash for due diligence and monitoring (source: @lookonchain; source: Etherscan).

According to @PeckShieldAlert, a THORChain user's personal wallet was exploited for an estimated loss of about $1.2 million. Source: @PeckShieldAlert (X, Sep 12, 2025). The alert specifies the affected entity as a user's personal wallet rather than the THORChain protocol. Source: @PeckShieldAlert (X, Sep 12, 2025). No attacker address, exploit vector, or remediation details were provided in the alert text. Source: @PeckShieldAlert (X, Sep 12, 2025). This incident marks a timestamped security event associated with the THORChain ecosystem that traders tracking RUNE may monitor by size (~$1.2M) and timing. Source: @PeckShieldAlert (X, Sep 12, 2025).

According to @PeckShieldAlert, the incident was a compromise of a user's personal wallet and is not related to the THORChain protocol, indicating no confirmed protocol-level exploit on THORChain at this time (source: x.com/PeckShieldAlert/status/1966409664008233379). For trading, this clarification means the event should be treated as user-side security risk rather than a protocol failure when assessing RUNE exposure and THORChain liquidity risk (source: x.com/PeckShieldAlert/status/1966409664008233379; reference: x.com/PeckShieldAlert/status/1966399712741016051).

According to @PeckShieldAlert, THORChain suffered an exploit with an estimated loss of about $1.2 million. Source: @PeckShieldAlert on X, Sep 12, 2025. The alert did not provide details on the attack vector, affected chains, or mitigation steps, indicating limited public information at this time. Source: @PeckShieldAlert on X, Sep 12, 2025. For trading, the reported exploit creates immediate headline risk for RUNE and THORChain liquidity pools; traders can monitor centralized exchange order books, funding rates, and on-chain swaps for stress potentially linked to the incident. Source: @PeckShieldAlert on X, Sep 12, 2025. Market participants should track official THORChain updates for confirmations, patches, and any service changes that could impact cross-chain routing and LP withdrawals. Source: @PeckShieldAlert on X, Sep 12, 2025.

According to KookCapitalLLC on Twitter, there are growing concerns within the trading community regarding a possible delay in the THORChain (RUNE) June launch, with some speculating the launch could be pushed as far as June 2026. This uncertainty has led to increased volatility in RUNE trading, as traders adjust their positions in response to the potential postponement (source: KookCapitalLLC on Twitter, June 17, 2025). Delays in key project milestones often trigger short-term bearish sentiment, and traders should monitor official THORChain channels for confirmation and be prepared for potential price swings in the RUNE market.

According to @EmberCN, the hacker who stole funds from Coinbase users has continued to liquidate their holdings, selling 8,775 ETH for $23.23M DAI in the past two hours. Since 8 AM today, the hacker has moved a total of 26,347 ETH through THORChain and exchanged it for $68.18M DAI at an average price of $2,588 per ETH. The DAI from these sales is currently stored in two specific addresses. This large-scale sale has the potential to put significant downward pressure on Ethereum prices and could increase volatility across the broader crypto market as traders react to the rapid liquidation. Source: @EmberCN on Twitter.

According to PeckShieldAlert, the threat actor responsible for stealing over $300 million from Coinbase users through bribery of customer support has swapped 8,697 ETH for 22 million DAI. Additionally, another address tied to this hack, receiving 9,081 ETH from THORChain, has exchanged those funds for 23 million DAI. These large-scale Ethereum-to-DAI swaps, totaling over $45 million, could create significant short-term selling pressure on ETH, potentially impacting liquidity and price volatility across major DeFi trading pairs. The rapid conversion of ETH to stablecoins following high-profile hacks is a key indicator for traders to monitor for further potential market disruptions. (Source: PeckShieldAlert on Twitter, May 22, 2025)

According to EmberCN, a hacker who previously stole funds from Coinbase users has transferred 17,778.7 ETH through THORChain in the past two hours, selling the assets for a total of $44.94 million in DAI at an average price of $2,528 per ETH (Source: EmberCN on Twitter, May 22, 2025). The most recent transaction saw the hacker moving 9,080.7 ETH and exchanging it for $22.82 million in DAI. This large-scale ETH liquidation may increase short-term selling pressure on Ethereum and could impact DAI liquidity and price stability. Traders should monitor ETH and DAI price volatility and be cautious of sudden large movements, as continued hacker activity could further affect both Ethereum and stablecoin markets.