#RUNE
The price of RUNE dropped sharply when THORChain suspended THORFi services for 90 days to address financial issues related to bankruptcy allegations.
The THORChain management team, including founder J.P. Thorbjornsen and the development team, decided to halt lending activities in THORFi to mitigate risks and avoid a potential run that could collapse the platform.
Although the swapping feature remains operational, the suspension of lending has raised concerns about the ability to meet large-scale repayments due to a shortage of Bitcoin reserves in the lending pools.
The 90-day restructuring initiative was implemented through validation nodes, resulting in RUNE's price dropping over 30% in just the last 24 hours.
The market value of RUNE is under threat, with the decision to stop lending being the most recent cause.
