ZachXBT from Onchain has detected a suspicious Bitcoin transfer (involving 3,520 Bitcoin).BTCThe theft of $330.7million may be a sign that a large amount has been stolen. On April 28, funds were transferred from the wallet of a possible victim to bc1qcry…vz55g.
After the theft, the money was immediately laundered via six exchanges instantaneous and converted into the privacy-focused cryptocurrency Monero.XMR).
Data from CoinMarketCap shows that the price of XMR increased by 50% after the conversion. The token reached a intraday peak of $339.
XMR is currently trading at $289, a slight decrease from the previous 24 hour high of 25%.
ZachXBT, when asked if the Lazarus Group of North Korea was responsible for the attack, dismissed this theory. “highly probable it’s not,” It is not possible to say that hackers acting independently are the culprits.
Related: Kraken to end Monero support in European Economic Area
The vast majority of hackers uses mainstream cryptos
Chainalysis, in a comment made to Cointelegraph recently, noted that mainstream cryptocurrencies are still the mainstay of most criminal activities.
“While there are concerns of more criminals moving to privacy coins for anonymity, the vast majority of criminal activity still uses mainstream cryptocurrencies, such as Bitcoin, Ethereum and stablecoins,” Chainalysis said.
The firm added that these assets remain attractive because they offer the same benefits to bad actors as they do to legitimate users — cross-border functionality, instant settlement, and high liquidity.
Chainalysis reported that due to the decreased liquidity, privacy coins are not suitable for criminals. Monero.
“Cryptocurrency is only useful if you can buy and sell goods and services or cash out into fiat, and that is much more difficult with privacy coins, especially as many mainstream exchanges have offboarded the use of privacy coins, such as Monero,” He explained.
It even claimed that the blockchain’s transparency allows for law enforcement to recover and trace illicit funds, regardless if cryptocurrency is used.
A leaked Chainalysis clip in 2024 suggested that Monero transactions could be traceable Blockchains are not completely private.
Chainalysis is alleged to have shown in the video how it can track transactions as far back as 2021. “malicious” Monero nodes.
Related: The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning Network
Monero can be purchased at Spar in Switzerland
Monero, a cryptocurrency that is increasingly accepted in retail outlets, has been suspected of being used to launder money. Recently, two Spar stores in Switzerland began accepting XMR as payment.
Monero’s X official account made the announcement. They credited partnerships with DFX Swiss & OpenCryptoPay to enable this integration.
On April 25, one user posted their experience with purchasing organic cacao at a Spar in Kreuzlingen using XMR.
Spar entered the cryptocurrency market for the first time in April 2025. introducing Bitcoin payments through the Lightning Network Shops at Zug in Switzerland
Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
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Source: cointelegraph.com
