RUNE sees major sell-offs after FBI’s demand to block Binance hacker transactions sparks debate

The Federal Bureau of Investigation is urging private entities, including the node operators of THORChain [RUNE], RPC node operators, instant exchanges, DeFi firms, and blockchain analytics firms, to "block transactions with or derived from addresses (of) TraderTraitor actors." The RUNE token has shed 17.7% of its value in the last 24 hours. Over the period, it has also seen a hike in short-selling, as evidenced by an uptick in Open Interest and a drop in funding rates. How an unrelated THORChain halt hampered Binance's hackers On 31st October, THORChain announced that it was halting trading on several blockchains. An Ethereum one-block reorg caused THORChain to pay out 10 ETH that a vault never received. A reorg happens when the network replaces a recent block with a competing block.

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