RUNE experienced a sharp decline of over 10% on May 15, reducing its market capitalization to $199 million. This downturn coincided with an alert from security monitoring firm Cyvers, which reported detecting approximately $7.2 million in suspicious transactions involving the THORChain router. These transactions spanned multiple networks, including Bitcoin, Ethereum, BSC, and Base, raising concerns about potential security issues.
RUNE Drops Over 10% Amid $7.2M Suspicious Transactions Alert
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