Monero Surges 41% Amid Bitcoin Laundering Allegations
- Monero (XMR) price jumped from $232 to $331 within eight hours on Monday.
- The surge coincided with a suspicious transfer of 3,520 BTC, valued at $330.7 million.
- The BTC was allegedly exchanged for Monero through multiple instant exchanges.
- ZachXBT, an on-chain investigator, highlighted the transaction as potentially linked to theft.
- XMR’s price has since decreased, trading at $263 at the time of reporting.
Monero experienced a significant price increase after a large Bitcoin transfer was reportedly converted into XMR, raising suspicions of money laundering activities.
Source (2.6)https://dailyhodl.com/2025/04/28/monero-suddenly-explodes-41-after-hackers-launder-330000000-in-bitcoin-with-xmr/?rand=59076
