Search results for Thorchain
Crypto
Stolen funds from Binance hack laundered automatically by software, not people
An analysis says funds stolen from Binance are being laundered automatically by software. About $6.43 billion was stolen across 11 blockchains on Oct. 29, with $2.85 billion confirmed frozen. Blockchain analytics firm Elliptic tracked a key wallet on Tron that sent funds out every hour for 31 hours, with brief pauses. Recipient wallets often forwarded funds within two minutes, and repeated identical swaps were observed via Thorchain.
Crypto
Monero builds momentum, eyes $600 after breaking $558 resistance
Monero (XMR) has moved above the $558 resistance level and is eyeing $600. XMR rose about 4 percent over 24 hours and is now trading above $592, with attention on whether the rebound is short-lived or leads to further gains. The rally began in August after XMR broke $410. A THORChain upgrade expanded swap routes, while exchange supply fell as investors moved holdings to private wallets. Signs of overheating and EU delisting pressure through 2027 remain risks.
Crypto
Samson Mow says Zcash market cap too high as ZEC rally stalls
Bitcoin hardliner Samson Mow (샘슨 모우) questioned Zcash’s sharp rise, arguing its market capitalisation is excessive after the token surged more than 1,000 percent since the start of the year. He said Zcash’s value was artificially inflated and would revert to the mean, adding there was not enough speculative money to sustain its position as a top-10 cryptocurrency with a market cap above $22 billion. Zcash supporters pointed to network upgrades and shifting liquidity conditions.
