Apr 28, 03:06 PM

Monero Price Surges 50% to $339 After $330 Million Bitcoin Theft of 3,520 BTC Flagged by ZachXBT

Monero (XMR) experienced a sharp price surge of approximately 50% following the laundering of around $330 million worth of stolen Bitcoin (BTC). On April 27, 2025, a suspicious transfer involving about 3,520 BTC, valued at roughly $330 million, was identified as a theft from a long-term holder. The stolen Bitcoin was quickly moved through over six exchanges and converted into Monero, a privacy-focused cryptocurrency, which likely caused the significant price increase. This laundering activity has drawn attention from blockchain analysts, including on-chain investigator ZachXBT, who flagged the incident. Monero's price reached $339 amid this activity, marking a four-year high and highlighting its role in facilitating the laundering of illicit funds within the crypto market.

#Monero #Bitcoin #ZachXBT

Written with ChatGPT (GPT-4).