3,520 BTC of stolen funds laundered through exchange platforms and converted to XMR

According to PANews, ZachXBT disclosed that 3,520 BTC (approximately $331 million) of stolen funds have been laundered through at least 6 exchange platforms and converted to XMR, causing a temporary spike in XMR prices. This incident is a social engineering scam targeting an elderly individual in the United States, and the source of funds from the involved address is 'rather suspicious'.