THORChain developer “Pluto” resigns over failure to block illicit transactions. The FBI urged exchanges and validators to prevent North Korean money laundering.

Thorchain is grappling with developer departures and mounting concerns over its role in laundering stolen crypto, particularly Ethereum from the Bybit hack, tied to North Korean hackers.

Cryptos like ONDO, OM, and XYZ are showing recovery, while Solana and Cardano face declines in the market. #partnercontent

THORChain token is flashing a bearish signal, forming a bearish flag pattern that suggests further downside even as swap volume surges. THORChain (RUNE) was trading at $1.3050 on Friday, down 82% from its November peak.

Key Points

Supporters of the decentralized exchange Thorchain have pushed back against claims that the protocol is actively aiding North Korea-backed hackers attempting to cash out funds from the Bybit hack.

The crypto market has experienced a bearish trend throughout February, with Bitcoin falling below $80,000. As expected, altcoins have also been impacted, but investor optimism remains high, with many anticipating a market turnaround in March.

THORChain's native token has plummeted 20% in the past 24 hours, wiping off recent gains as the rest of the market also bleeds. The price of THORChain (RUNE) changed hands around $1.20, dipping sharply after hitting highs above $1.60.

According to Arkham, Lazarus-linked wallets have moved over $240 million in ETH through THORChain. They primarily swapped it for Bitcoin (BTC).

THORChain developer Pluto announces his departure after a vote to block North Korean hacker-linked transactions was reverted. A validator is also threatening to exit unless the protocol can stop the flow of hacker funds.

A core developer of THORChain has announced their resignation following the reversal of a vote to block transactions linked to North Korean hackers. The post THORChain Developer Resigns After Vote to Block North Korean Hackers Was Reverted appeared first on Cryptonews.

Thorchain faces a critical moment as key developers leave amid concerns over North Korean hackers using the platform to launder stolen cryptocurrency.

Bybit hackers laundered 270,000 ETH, equivalent to approximately $605 million, via THORChain, representing over half of stolen funds. The post Bybit Hacker Launders 270K ETH Via THORChain, Still Holds $514M appeared first on Cryptonews.

THORChain is facing internal turmoil after a developer resigned over a controversial vote to block transactions linked to North Korean hackers.

A THORChain RUNE developer has stepped away from the project after an attempt to block transactions linked to North Korean hackers was reversed.

A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

Thorchain is experiencing a developer exodus, as hackers from Lazarus Group are using the interoperability-focused blockchain to launder Ethereum (ETH) stolen in the Bybit hack. A Thorchain developer known as TCB announced that Pluto, the protocol's unofficial lead developer, is stepping down.

MetaMask head of security, Taylor Monahan, said Lazarus has moved at least 209,384 ETH, over half the ETH stolen from Bybit, into BTC.

THORChain, a cross-chain swap protocol, witnessed a huge uptick in its activity as the party behind the Bybit heist attempted to launder stolen funds through the platform. The Bybit heist now tagged the largest cryptocurrency heist the world has ever seen, happened on February 21, 2025, and saw the exchange lose about $1.

OM records a major spike in transfer volume, while the token's price hovers around $7.37.

In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.

The cross-chain swap protocol has seen a massive surge in activity following the $1.4 billion exploit of the crypto exchange. On Feb. 26, THORChain processed $859 million in swaps, its highest-ever daily volume, according to THORChain Explorer.

Bybit's illicit funds laundering has earned THORChain almost $3 billion in trading volume and $3 million in fee revenue.

THORChain, a decentralized crosschain swap protocol, has witnessed a surge in transaction volume following the $1.4 billion exploit of Bybit. The post Crosschain Swap Protocol THORChain Sees Spike in Activity After Bybit Hack appeared first on Cryptonews.

THORChain's swap volume has hit record highs as the Bybit hack laundering frenzy continues.

March 2025 could bring significant price movements among top Real-World Assets (RWA) altcoins. ONDO is attempting a recovery after a sharp decline, while TRADE struggles at its lowest levels since November 2023.

The price of RUNE, the native token of THORChain, has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in trading volume to $1.268 billion.

THORChain (RUNE) decentralized exchange (DEX) volume has shot up a massive 300% in the past seven days alone.

Mantra (OM) has recently become a key player in the real-world asset (RWA) token sector, witnessing a remarkable 185% increase in value over the past 30 days.

THORChain (RUNE), a decentralized liquidity protocol, has emerged as a noteworthy player in the cryptocurrency market. Built on the Cosmos SDK and Tendermint protocol, THORChain enables cross-chain swaps, empowering users to exchange tokens across different blockchain networks.

The crypto market downfall results in a minor pullback in Mantra (OM) price. As the breakout run continues the higher low trend, the rising network activity hints at an extended rally. Will the underlying support drive the OM price to $10?

Bybit exchange is on a recovery mode as the hackers behind the exploit have laundered $250 million of the funds.

Mantra (OM) is one of the rare tokens with a near-vertical price move. OM has not seen a correction since November 2024, but may feel pressure from the recent deposits to exchanges.

While Mantra (OM) continues to push new highs with its latest peak, FOMO may give way to a reversal as fears of a potential top emerge. The post Is It Too Late to Buy MANTRA? Real World Asset Coin Hits New All-Time High appeared first on Cryptonews.

"OM is breaking out of a bullish flag, with a potential target of $10," Ali Martinez claimed.

OM price formed a big bullish candle and raced toward the $10 mark. MANTRA crypto price is in an uptrend and gained positive momentum.

The cryptocurrency market is witnessing a remarkable surge in Mantra (OM), a digital asset that has recently hit a new all-time high of $9.17. This rise comes at a time when major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have either stagnated or seen declines, making Mantra's performance even more extraordinary.

Mantra price has gone parabolic since 2024, becoming one of the best-performing players in the crypto industry. Mantra (OM), which hopes to become the biggest crypto in the real world asset or RWA industry, has soared from $0.

Despite the bearish trend taking over the crypto market this February, Mantra made an impressive growth climbing to the 20th rank.

The Mantra pattern of consolidation and expansion on the 4-hour chart could be useful for traders.

MANTRA (OM) price surges 100% this month amid Dubai's VASP license and RWAccelerator launch. Can it break $15? Explore the key resistance and support levels. The post Mantra Price Pumped 100% This Month: $15 on the Horizon? appeared first on Cryptonews.

OM is among the very few altcoins with substantial price movements over the past day.

Crypto prices rebounded during the weekend, with the total market of all coins soaring to over $3.20 trillion and the fear and greed index moving to the neutral level. This rebound was driven by speculation among crypto investors, who believe that these coins will do well this year.

TL;DR MANTRA (OM) has grown significantly since 2020, becoming a notable player in blockchain and DeFi with diverse services and dynamic market adaptation. Price predictions for 2025 to 2030 show varying forecasts, with potential fluctuations and growth influenced by market trends, technological advancements, and strategic initiatives.

MANTRA (OM) has broken out of a bullish flag pattern which suggests that the altcoin could soar to the $10 price tag soon.

MANTRA trading volume has spiked by 55% as OM is potentially heading to $10, having broken out of a bullish flag pattern.

The crypto market has been in the green for a long time, and as a result of the rising bullishness, altcoins are reaching their new highest points. Bitcoin's attempt at breaking out of consolidation is seemingly acting as a catalyst for altcoins.

After a few days of broad decline, the crypto market is showing signs of recovery, with the total market cap rising by $58 billion in the past 24 hours.