Latest Update
2026-09-26 19:20 UTC

THORChain: Black Funds Drive 90% of Swaps

THORChain: Black Funds Drive 90% of Swaps

THORChain: Over 90% of cross-chain swaps tied to illicit funds as protocol earns $1M from Bitget hack and $10M from Bybit, with RUNE at $0.75 showing bullish MACD.

Source

Analysis

THORChain processes over 90% illicit funds in cross-chain swaps, prioritizing fee revenue over restrictions as seen in the Bybit and Bitget hacks.

Last year THORChain captured nearly $10 million in fees from Bybit stolen assets within ten days, while recent Bitget flows already delivered $1 million, confirming profit motives drive platform policy.

RUNE price action at $0.75 sits inside Bollinger bands with upper resistance at $0.83 and lower support at $0.58; the EMA50 at $0.66 and EMA200 at $0.55 act as layered long-term supports while MACD golden cross at 0.04 and RSI at 64.23 confirm sustained bullish momentum without immediate overbought signals, suggesting continued upside before any test of the 50-EMA.


余烬

@EmberCN

Analyst about On-chain Analysis