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RUNE rallies 15% as THORChain restarts most swaps after outage

THORChain restored trading on Bitcoin, Ethereum and several other networks after an outage linked to a refund bug. RUNE rose 15% as most swaps resumed, though three chains remain paused.

Cointelegraph by Felix Ng

Publisher Cointelegraph

Nov 3, 2026 at 11:56 PM UTC · 1 min de lecture

RUNE rallies 15% as THORChain restarts most swaps after outage
Image via Cointelegraph

Key Signal

15% RUNE 24-hour gain

Entities

bitcoin, ethereum

Market Impact

Total MCap+1.05%

Last Updated

il y a 4 minutes

Traduction…

THORChain’s RUNE token rose about 15% over the past 24 hours as the cross-chain swap protocol restored trading on most networks following a weekend halt triggered by an Ethereum block reorganization.

THORChain (RUNE) was trading at around $0.64 on Wednesday, up approximately 15% over the previous day, according to CoinMarketCap.

THORChain’s network status page showed trading and transaction signing marked “OK” on 10 of its 13 listed external networks. BNB Smart Chain, Cosmos Hub and Solana continued to show warnings for both functions.

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Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Tron and Zcash were among the networks showing trading was re-enabled. Avalanche, Base and XRP were already operating when Cointelegraph reported on the halt on Monday.

Ethereum reorg exposed refund bug

The disruption began on Saturday when a one-block Ethereum reorganization removed a 10 Ether deposit that THORChain had already credited, according to the protocol’s account.

After the swap failed to meet its price limit, THORChain issued a refund against funds its vault had never received. The sender’s actual deposit was also refunded, resulting in an extra 10 ETH payout and triggering an automatic pause.

Ethereum · 30-day price▼ 15.9%
$2,697$2,469$2,241
Oct 6Oct 15Oct 25Nov 4

Ethereum moved from $2,697.24 to $2,269.52 over the last 30-day period, a decline of 15.9 percent.

Source: Kraken · NewsLayer Markets · Updated il y a une minute

Why this matters

The incident shows how a blockchain reorganization can create a settlement mismatch in a cross-chain protocol, forcing a multi-network trading pause. The bug could heighten scrutiny of THORChain’s refund and finality controls, while the disruption’s impact on attempts to move funds from the $6.3 billion Binance hack suggests operational outages can affect major illicit-fund flows.

Node operators subsequently paused trading across multiple networks while developers investigated.

The halt also disrupted attempts to move funds stolen in the $6.3 billion Binance hack, according to blockchain analytics company Chainalysis, which said the pause had inadvertently delayed laundering by North Korean hackers.

The partial restart restores access to several cross-chain swap routes.

Related: THORChain halts swaps after block reorg bug, slowing Binance hackers

Réponses Rapides

Why did THORChain pause swaps?

THORChain paused activity following an outage associated with a refund bug.

Which networks have resumed trading on THORChain?

Trading has been restored on Bitcoin, Ethereum and several other networks. The excerpt does not identify all of the restored networks.

Are all THORChain swaps back online?

No. Most swaps have restarted, but three chains remain paused.

#bitcoin#ethereum#crypto#markets

Sourced by

Originally reported by Cointelegraph

NewsLayer coverage based on externally reported material.

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Market Context

Ξ

Ethereum

ETH

$2,268

+0.59% (24H)

$2,296$2,269$2,242
1 AM8 AM4 PM12 AM

Market Cap

$278.3B

24H Volume

$5.2B

24H High

$2,305

View Ethereum Market Page

Article Intelligence

Key Entities

bitcoinethereum

Topics

cryptomarkets

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