btcstolen

#btcstolen Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.
More than $265 million in crypto was stolen from the victims, according to a superseding indictment.
One of the defendants, Malone Lam, was previously charged in connection with the largest of those thefts, which netted about $245 million in crypto from a man in D.C.

#SaylorBTCPurchase #Btc #Btcstolen
$BTC
Reason For The Bearish Sudden trend

A suspected Bitcoin theft occurred today, with approximately $330 million worth of Bitcoin (3,520 BTC) stolen and swapped for Monero (XMR). The stolen funds were laundered through over six instant exchanges, causing Monero's price to surge by 50% to $339. However, the price has since settled to around $289, still up 25% in the past 24 hours.

*Key Details:*

- *Theft Amount:* 3,520 BTC, valued at $330.7 million
- *Swap:* Stolen Bitcoin was swapped for Monero (XMR) through instant exchanges
- *Price Impact:* Monero's price surged 50% due to the large-scale conversion
- *Investigation:* Onchain sleuth ZachXBT flagged the suspicious transaction, and investigations are ongoing

*Possible Perpetrators:*

- Independent hackers are suspected to be behind the attack, rather than North Korea's Lazarus Group, according to ZachXBT
- The stolen funds' movement suggests a complex laundering operation, with hundreds of orders created to obfuscate the origin of the funds¹ ² ³

#SaylorBTCPurchase #Btc #Btcstolen
$BTC $XMR
Reason For The Bearish Sudden trend

A suspected Bitcoin theft occurred today, with approximately $330 million worth of Bitcoin (3,520 BTC) stolen and swapped for Monero (XMR). The stolen funds were laundered through over six instant exchanges, causing Monero's price to surge by 50% to $339. However, the price has since settled to around $289, still up 25% in the past 24 hours.

*Key Details:*

- *Theft Amount:* 3,520 BTC, valued at $330.7 million
- *Swap:* Stolen Bitcoin was swapped for Monero (XMR) through instant exchanges
- *Price Impact:* Monero's price surged 50% due to the large-scale conversion
- *Investigation:* Onchain sleuth ZachXBT flagged the suspicious transaction, and investigations are ongoing

*Possible Perpetrators:*

- Independent hackers are suspected to be behind the attack, rather than North Korea's Lazarus Group, according to ZachXBT
- The stolen funds' movement suggests a complex laundering operation, with hundreds of orders created to obfuscate the origin of the funds¹ ² ³