ChainCatcher reports that, according to ZachXBT's monitoring, approximately 9 hours ago, a suspected theft of 3,520 BTC (approximately $330.7 million) was transferred out from a potential victim's account. After these bitcoins were transferred to a specific address, they were quickly exchanged for Monero (XMR) through multiple exchanges, causing XMR's price to rise by 50%.
ZachXBT: 3,520 BTC were stolen from an address and quickly converted to XMR
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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