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THORChain halts trading after Ethereum glitch causes double refund linked to Binance theft

Market News
31 Oct 2026, 21:02 WIB
Crypto Briefing
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Bearish
THORChain halts trading after Ethereum glitch causes double refund linked to Binance theft

THORChain paused trading across 12 blockchains after an Ethereum reorganization caused it to mistakenly refund a 10 ETH deposit twice. This emergency halt slowed laundering of stolen funds from Binance, linked by Chainalysis to North Korean actors. The pause highlights risks in cross-chain protocols handling blockchain reorganizations and raises questions about managing stolen assets. Users should watch for how THORChain resolves the double refund and whether it adjusts its response to Ethereum reorgs.

As of Nov 01, 2026 01:11 WIB, BNB (Binance Coin) trades at Rp12.801.660 on Pluang, showing a 0.87% gain over the past day. The platform records a balanced order activity with 50% Sell and 50% Buy, reflecting steady investor interest despite the recent issues with THORChain's cross-chain operations. BNB's market cap stands at Rp1.680,42 trillion, highlighting its significant presence in the crypto market.

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