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Monero Likely Pumped 50% Due To Suspected $330 Million Bitcoin Theft
Onchain investigator ZachXBT flagged a suspicious $330.7 million Bitcoin transfer that was quickly laundered into Monero, causing XMR's price to spike by 50%. CoinTelegraph reports: The transaction, reported on April 28, saw funds moved from a potential victim's wallet to the address bc1qcry...vz55...
Onchain investigator ZachXBT flagged a suspicious $330.7 million Bitcoin transfer that was quickly laundered into Monero, causing XMR's price to spike by 50%. The large-scale conversion led to a 50% spike in XMR's price with the token reaching an intraday high of $339, according to data from CoinMarketCap. When asked whether North Korea's Lazarus Group was behind the attack, ZachXBT dismissed the theory, stating it was "highly probable it's not," suggesting independent hackers were responsible.
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