$RUNE Price Drops As THORChain Pauses Services for 90 Days to Address Financial Challenges

Cryptopolitan

2025-01-24 11:40:31

RUNE-1,51%

SWAP-2,21%

Cross-chain swap protocol THORChain has put its THORFi services on hold thanks to financial uncertainties linked to allegations of insolvency

ThorChain founder JP Thorbjornsen and the development team have decided to pause THORFi services as part of a 90-day “restructuring” plan to reduce the problems associated with its “Savers and Lending” programs, which appear to have accumulated a lot of unserviceable debt.

ThorChain is a decentralized liquidity protocol that facilitates cross-chain ass

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