Monero Jumps 51% After ‘Suspicious Transfer’ of $333M in Bitcoin

Privacy blockchain Early on Monday, on-chain sleuth Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)Theft addressbc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55gShortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike…— ZachXBT (@zachxbt) April 28, 2025The investigator later added that it is “In response, XMR jumped 51% to a price of $347.72 in seven hours, before retracing. At time of publication, Monero is priced at $264.18, up 15.3% on the day, according to CoinGecko. Monero is the biggest privacy coin with a $5.3 trillion market cap,Where regular blockchains, like Bitcoin and In 2020, the IRS offered $625,000 to firms aiming to “crack” Monero’s privacy, subsequently inking deals with blockchain tracing firm Chainalysis and data forensics analysis firm Integra FEC.There have been cases of criminal Monero users being convicted, despite the network’s stringent privacy.Last summer, British dark web drug dealer Jack Edward Finney was convicted and his In January 2024, it was reported by “If you’re not careful with your operational security and you keep switching between Bitcoin and Monero, you might leak some information,” “Monero is very solid at guarding your transaction details, but it can’t save you from slip-ups in your own security habits,” she added.