$RUNE Plunges 30% as THORChain Pauses Bitcoin, Ether Withdrawals 
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THORChain has paused bitcoin (BTC) and ether (ETH) withdrawals on its lending and savers programs due to concerns over potential insolvency risks.

The pause, proposed by network node operators, is set for 90 days to address debt resolution, as per messages from THORChain's Telegram channels.

The lending program is limited to BTC and ETH, but saver vaults include additional assets; a simultaneous closure of all positions could exacerbate insolvency risks.

THORChain's lending obligations are met by minting RUNE and selling it into liquidity pools, with deposits halted a year ago due to rising community concerns.

Community members claim liabilities could reach nearly $200 million, with $107 million in liquidity pools potentially at risk if panic ensues.

Despite the pause, THORChain's cross-chain swaps remain operational, allowing users to continue swaps and utilize liquidity pools without interruption.
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