Hacker launders $330.7M in stolen BTC, XMR price spikes 31%: ZachXBT

Blockchain security expert ZachXBT reported on X that nine hours ago, a specific address starting with bc1qcr was hacked, leading to the theft of 3,520 BTC ($330.7 million). The hacker then laundered the stolen funds across more than six instant exchanges, converting them into Monero (XMR). This caused a significant spike in XMR prices. According to CoinMarketCap, XMR is currently trading at $300.56, up 31% over the course of the last 24 hours.