Bitcoin Hack Fuels $330M Loss: Monero Price Soars as Crypto Laundering Takes Center Stage

A massive $330 million Bitcoin theft has sent shockwaves through the cryptocurrency community, highlighting the ongoing vulnerabilities and illicit activities in this burgeoning market. The hacking, revealed by blockchain analyst ZachXBT on X (formerly Twitter), involved a targeted attack on an unknown address linked to one of the largest crypto thefts recently reported. As the stolen Bitcoin was moved across several exchanges in a seemingly coordinated effort, investigators struggled with a lack of information regarding the exact methods used and have so far been unable to trace funds as they move through the network.