Zachxbt flags are weakening -suspecting $ 330m transfer of bitcoin that triggered Monero Surge
The Onchain Sleuth Zachxbt has filed a weak -suspected move involving 3,520 Bitcoin (Btc) (costs $ 330.7 million) which may indicate a major robbery. The transaction, reported on April 28, saw funds moved from a potential victim’s purse to the BC1QCry address … VZ55G.
Following the move, the stolen stash was quickly laundered by more than six instant exchanges and replaced with privacy dedicated to cryptocurrency Monero (Xmr).
Large converts led to a sharp 50% XMR price spike, with a token reaching an intraday high of $ 339, according to data from CoinmarketCap.
At the time of writing, the XMR was fixed slightly but remained 25% over the past 24 hours, trading at $ 289.
When asked if the North Korean lazarus team was behind the attack, ZachXBT removed the theory, saying it was “highly unlikely,” suggesting independent hackers is responsible.
Related: Kraken to end Monero’s support in the European Economic Area
Most hackers use major cryptos
In a recent comment on the cointelegraph, the chainalysis noted that most criminal transactions still rely on major cryptocurrencies.
“While there are concerns of more criminals moving to privacy coins for anonymously, most criminal activity still uses major cryptocurrencies, such as Bitcoin, Ethereum and Stablecoins,” Chainalysis said.
The firm added that these properties remain attractive because they offer the same benefits to evil actors as they do to legitimate cross-border users, instant settlement, and high liquidity.
Chainalysis noted that privacy coins bring limits for criminals due to reduced liquidity and the fact that many major exchanges have deleted properties such as Monero.
“Cryptocurrency is only useful if you can buy and sell goods and services or cash out Fiat, and it’s more difficult for privacy coins, especially many major exchanges of privacy coins, such as Monero,” they explained.
The firm further said that blockchain transparency allows law enforcement to monitor and recover illicit funds, regardless of cryptocurrency.
In 2024, a leaked chainalysis video suggested that Monero transactions may be monitored Despite the nature that maintains blockchain privacy.
The video has been reported to have shown how the chainalysis can monitor the transactions back to 2021 by its own “malicious” Monero nodes.
Related: IRS has offered a $ 625,000 huge amount to anyone who can break the Monero and Lightning Network
Monero accepted at Spar stores in Switzerland
The alleged operation of the laundering arrived as the monero gained a broader retailer. Two Spar Supermarket locations in Switzerland recently began receiving XMR for payments.
The announcement, shared by Monero’s official X Account, is working with DFX Swiss and Opencryptopay for enabling integration.
A user, who posted on April 25, shared their experience of buying organic cacao using XMR at a Kreuzlingen spar store.
In April 2025, Spar first tapped the crypto market by Introducing Bitcoin payments by Lightning Network In outlets in Zug, Switzerland.
Magazine: Bitcoin $ 100k Hopes on Ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
