-
There is no absolute certainty that it has been a robbery, although a researcher believes.
-
The low XMR liquidity in Exchanges is what caused such movement in its price.
Yesterday, April 27, 2024, there was a transaction of 3,520 bitcoin (BTC) that the researcher known as Zachxbt describes as a possible theft.
Zachxbt explained in his account of the social network X that, after this transaction, «the funds began to wash through more than 6 instantaneous exchanges and changed to Monero (XMR).»
In block explorers, transactions made by this Bitcoin address can be observed:
It is worth clarifying that, until the moment of this publication, There is no confirmation that it has been a robbery, despite the presumption of the researcher. Perhaps, it is a bitcoin user trying to increase their privacy Through this strategy.
The fact that XMR has been used (a cryptocurrency specialized in privacy) to hide the activity with these funds caused a rapid increase in the price of this Altcoindue to the size of the swaps Already the little liquidity in the exchanges.
The following graph shows the Monero price in the last 7 days:
As explained in cryptopedia (which is the educational section of cryptootics), Monero is a cryptocurrency that offers privacy to its users. Unlike what happens with Bitcoin and other digital assets, in Monero it is not possible to publicly see Wallet’s movements and holdings.
This feature makes Monero not a monetary system of the pleasure of governments and regulators. Many exchanges, for example, Binance, have retired XMR from their platforms to avoid legal complications.