Theft

Monero (XMR) Price Soars as $330M Bitcoin Theft Sparks Launders Across Six Exchanges A shocking event in the cryptocurrency world triggered a dramatic surge in Monero (XMR) prices. A suspected Bitcoin theft worth $330 million saw the stolen funds being swiftly converted into Monero, causing a whirlwind in market activity. The Shocking Theft and Its Effects on XMR On April 28, 2025, 3,520 BTC—roughly $330.7 million—was reportedly stolen and transferred from a victim’s wallet to an unknown address....

Monero’s 50% Price Surge: The Dark Side of $330 Million Theft In an unexpected twist that sends shocks through the crypto community, Monero’s price has surged over 50%, ballooning from $228 to $347 before settling just above $295. This dramatic increase isn’t a byproduct of positive news about adoption or tech upgrades; rather, it’s closely tied to a $330 million theft involving Bitcoin. The Laundering Connection The price increase has been flagged by blockchain investigator ZachXBT, who indicated that an extensive money-laundering operation leveraging Monero was at play....