Cryptocurrency used by hackers rises 70% after suspicious movement
The cryptocurrency Monero (XMR), known for its focus on privacy, saw an increase of more than 70% in its value this Monday (28), rising from $229 to $391.
The surge is believed to be related to a possible hack involving around R$ 1.9 billion in Bitcoin, according to reports from investigator ZachXBT.
According to him, the Bitcoins were transferred and converted into XMR through various instant exchanges, which boosted the trading volume of the currency by more than 500%.
Monero, often associated with illegal activities due to its anonymous nature, is still legally used by people who value privacy.
After the peak in valuation, the cryptocurrency underwent correction but still shows a rise of 15% and is among the top 25 in the market.