#SaylorBTCPurchase #Btc #Btcstolen
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
