Monero is 50 % pump

Onchain Sleute Zachxbt informed a suspicious transfer of 3520 bitcoin (BTC), 330.7 million dollars, which may indicate great theft. The deal, which was reported on April 28, has witnessed money from a potential victim’s portfolio to BC1QCry … VZ55G.

After the transfer, the stolen baked was washed quickly through more than six immediate exchanges and was replaced in Monero, the privacy coded currency (Xmr).

The conversion widely increased 50 % at the price of XMR with the distinctive symbol reaching the highest level between $ 339, according to data from CoinMarketcap.

At the time of writing this report, XMR settled a little but still increases by 25 % in the past 24 hours, trading it at $ 289.

When asked if the Lazaros group in North Korea was behind the attack, Zakist refused the theory, saying it was “very likely that it is not,” indicating that independent infiltrators were responsible.

Related to: Kraken to end Monero’s support in the European Economic Zone

The vast majority of infiltrators use the prevailing encryption

In a recent comment on cointelegraph, Chainalysis indicated that most criminal transactions still depend on the prevailing cryptocurrencies.

“While there are fears of more criminals who move to privacy currencies in order not to reveal his identity, the vast majority of criminal activity still use prevailing cryptocurrencies, such as bitcoin, ethereum, and niches,” said a series.

The company added that these assets are still attractive because they provide the same benefits to bad actors as they do for legal users-boundaries across borders, immediate settlement, and high liquidity.

The spasm indicated that the privacy currencies constitute restrictions on criminals due to low liquidity and the fact that many major stock exchanges have deleted assets like Monero.

“The encrypted currency is useful only if you can buy and sell goods and services or cash in FIAT, which is more difficult with privacy currencies, especially since many prevailing stock exchanges have left the use of privacy currencies, such as Monero,” they explained.

The company even said that the Blockchain transparency allows the law enforcement to track and restore illegal money, regardless of the cryptocurrency used.

In 2024, a sequence video leak I suggest that Monero transactions can be tracked Despite the nature preserved of the Blockchain privacy.

According to what was reported, the video showed how the series of analysis can track transactions to 2021 through its “malicious” monitro contract.

Related to: The Tax Authority provides $ 625,000 to anyone who can break the Monero and Lightning Network

Monero was accepted at Spar stores in Switzerland

The suspected washing process comes as Monero acquires a wider retail for sale. Two SPAR SUPERMARKETE sites in Switzerland recently started accepting XMR for payments.

The advertisement, which is shared by the official X account in Monero, displays partnerships with DFX Swiss and OpenCryptopay to enable integration.

One of the users, published on April 25, participated in their experience in buying organic cocoa using XMR at the Spar Store in Kreuzlingen.

In April 2025, Spar was first used in the encryption market by Providing bitcoin payments through the lightning network In the outlets in Zug, Switzerland.

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