ZachXBT flags suspicious $330M Bitcoin transfer triggering Monero surge

Date: 2025-04-28

Onchain sleuth ZachXBT has flagged a suspicious transfer involving 3,520 Bitcoin (BTC), valued at $330.7 million, that may indicate a major theft. The transaction, reported on April 28, saw funds moved from a potential victim’s wallet to the address bc1qcry...vz55g.Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and swapped into privacy-focused cryptocurrency Monero (XMR).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.Source: ZachXBTAt the time of writing, XMR has settled slightly but remains up 25% in the past 24 hours, trading at $289.When asked whether North Korea’s Lazarus Group was behin...

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