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🚨 $330M Bitcoin Theft Sparks Monero Price Surge 🚨

A suspicious Bitcoin transfer of approximately 3,520 BTC ($330.7M) reportedly took place on Sunday, raising concerns of a potential theft. According to on-chain investigator ZachXBT, the stolen funds were then laundered through multiple exchanges and converted into Monero (XMR), which led to a significant price surge in XMR.

The price jump was driven by the size of the transaction and thin liquidity across the exchanges involved, triggering a rapid spike in Monero’s value.

Keep an eye on how these events unfold, as they highlight the ongoing challenges with crypto security and laundering activity.

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