Monero Suddenly Explodes 41% After Hackers Launder $330,000,000 in Bitcoin With XMR

Description

Monero ( XMR ) has outperformed the crypto market so far this week following what appears to be an attempt to launder stolen Bitcoin ( BTC ) through the “OG” privacy coin. Early Monday morning, XMR skyrocketed from $232 to $331 in about eight hours. In a post on the social media platform X, top on-chain investigator ZachXBT told his 851,000 followers that the spike in XMR appeared to coincide with a “suspicious” transfer out of a Bitcoin wallet. ZachXBT says the BTC was immediately exchanged for...