Monero Price Surges 50% Amid Bitcoin Heist and Laundering
- Monero (XMR) price increased by 50% in 24 hours, reaching $339.
- XMR’s trading volume rose to $254 million, marking a 380% increase.
- A Bitcoin theft involving 3,520 BTC worth $330.7 million triggered the rally.
- The stolen BTC was laundered through exchanges and swapped for Monero.
- ZachXBT, an on-chain security expert, identified the laundering activity.
The Monero price spike is linked to a Bitcoin heist where bad actors laundered stolen assets through XMR swaps, causing significant trading volume increases and market activity anomalies.
Source (2.6)https://coingape.com/monero-price-jumps-50-amid-330m-suspicious-bitcoin-transfer/?rand=24432
