Stolen Bitcoin Funds Laundered Through Multiple Platforms, Impacting Monero Prices

A large-scale theft involving 3,520 BTC, worth around $331 million, has been reported. Initial findings suggest the stolen funds are being laundered through at least six rapid exchange platforms and subsequently converted into Monero (XMR), causing a temporary spike in XMR prices. This incident is confirmed as a sophisticated social engineering scam targeting an elderly individual in the United States. Further investigation indicates the origin of these funds to be highly dubious.