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Monero likely pumped 50% due to suspected $330M Bitcoin theft: ZachXBT

Summary by CheckCryptoNews
Onchain sleuth ZachXBT has flagged a suspicious transfer involving 3,520 Bitcoin (BTC), valued at $330.7 million, that may indicate a major theft. The transaction, reported on April 28, saw funds moved from a potential victim’s wallet to the address bc1qcry…vz55g. Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and swapped into privacy-focused cryptocurrency Monero (XMR). The large-scale conversi…
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CheckCryptoNews broke the news in on Saturday, June 7, 2025.
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