Monero Skyrockets 50% After Laundering of $330 Million in Stolen Bitcoin

A recent surge in Monero’s value, exceeding 50%, has been attributed to the illicit laundering of over $330 million stolen Bitcoin. On-chain investigator ZachXBT discovered this large transfer and its subsequent movement through multiple exchanges, triggering a significant price jump for Monero. While official statements from Monero haven’t been released yet, experts are weighing in on the link between this activity and privacy coin’s role as a go-to tool for illicit transactions.