$330 million in Bitcoin apparently stolen; laundering spikes Monero price by over 40%

3,250 BTC (~$330 million) were apparently stolen from a bitcoin holder and then quickly moved through multiple exchanges and swapped for the Monero privacycoin. Such a massive swap into Monero was apparently enough to cause the Monero price to spike from around $230 to as high as around $330, before retracting somewhat. Tweet by zachxbt

Apr 28, 2025 - 19:28
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$330 million in Bitcoin apparently stolen; laundering spikes Monero price by over 40%

3,250 BTC (~$330 million) were apparently stolen from a bitcoin holder and then quickly moved through multiple exchanges and swapped for the Monero privacycoin. Such a massive swap into Monero was apparently enough to cause the Monero price to spike from around $230 to as high as around $330, before retracting somewhat.