THORChain trading spikes amid Bitget hack, sparking debate over its decentralized role in stolen funds.

THORChain experienced a sharp increase in trading volume and fees following the Bitget exchange hack, with swap volume hitting $1.72 billion by September 26. The surge is linked to stolen funds being laundered through THORChain's decentralized protocol, which unlike centralized exchanges, cannot blacklist addresses. Bitget's CEO criticized THORChain for facilitating stolen asset transfers, while supporters argue THORChain's use of Threshold Signature Scheme (TSS) vaults gives it some control over transactions, unlike Bitcoin. Despite controversy, THORChain's token RUNE rose 15.8%, though Bitget withdrawals remain suspended during ongoing investigations.

THORChain's token RUNE is trading at Rp13,701 on Pluang as of Sep 27, 2026 17:41 WIB, showing a strong 1-day gain of 9.15%. This price level contrasts with its circulating supply at 93% of total, indicating active market participation. The token's 24-hour trading volume of Rp2.11 trillion highlights significant liquidity, while the typical hold time of 48 days suggests moderate investor commitment amid the ongoing controversy.