THORChain’s RUNE token rose about 15% over 24 hours as the cross-chain swap protocol restored trading on most supported networks. The disruption followed an Ethereum block reorganization that exposed a refund bug and prompted node operators to pause swaps across multiple chains.
RUNE was trading at around $0.64 on Wednesday, according to CoinMarketCap. THORChain’s status page showed trading and transaction signing operating normally on 10 of its 13 listed external networks. BNB Smart Chain, Cosmos Hub and Solana still displayed warnings for both functions.
Trading had resumed on Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Tron and Zcash. Avalanche, Base and XRP were already operating when the halt was reported on Monday.
According to THORChain’s account, the incident began on Saturday when a one-block reorganization on Ethereum removed a 10 ETH deposit that the protocol had already credited. After the swap failed to meet its price limit, THORChain issued a refund for funds its vault had not received. The sender’s actual deposit was also refunded, leading to an additional 10 ETH payout and an automatic pause.
The halt also delayed attempts to move funds stolen in the $6.3 billion Binance hack, blockchain analytics firm Chainalysis said. The partial restart has restored access to several cross-chain swap routes.
Sources: Cointelegraph.