Rune, what have you done

I know there are a lot of Rune (Thorchain) enthusiastics here as well, and we are all seeing not the best weeks for one of our favorite blockchains.

What started as a good thing ended up to maybe the down fall of the token.

You see, what Rune did was use some white hat hackers to test the systems for safety. In general this is a good idea, because lots of people have enough affinity with a chain to want to make it safe. By providing some bounties you will always find people willing to do this.

Initially a couple of weeks ago a breach was discovered, and with the already declining price together with the BTC drop the price was tanking for a good one. Discovering breaches isn't bad, because that means you can fix them. Funds were gone, but the core team made up for the losses and all seemed peachy again.

Until this message was left and discovered and I think more funds were taken. Not really a cool signal and you see it reflecting the sentiment.

Hello steep drop! What a bummer this is. Rune was surely one of my better preforming assets and also the fundementals were looking really good. Now I am so sure how the path will go. I don't know if in the end this is good for the chain as it will be more safe after, or if this was the last step over the edge.

I was happy with some trades buying back lower to increase the stack, but let us hope this wasn't a trade of buying back lower into a pile of nothing.

Keeping a close eye on what will happen over the next couple of months!