A cryptocurrency laundering event involving approximately $330 million worth of stolen Bitcoin has fueled a dramatic 50% surge in Monero's price. The stolen BTC was rapidly moved across multiple exchanges and converted into Monero, a leading privacy coin known for its anonymity features. This incident has driven Monero to reach multi-year highs, bolstered by ongoing network upgrades aimed at regulatory compliance. Meanwhile, Finnish authorities have made notable progress tracing Monero transactions linked to a high-profile ransomware case, demonstrating evolving capabilities in tracking supposedly untraceable crypto flows.
Continue to read Monero Price Rockets 50% Following $330M Bitcoin Laundering Operation
A cryptocurrency laundering event involving approximately $330 million worth of stolen Bitcoin has fueled a dramatic 50% surge in Monero's price. The stolen BTC was rapidly moved across multiple exchanges and converted into Monero, a leading privacy coin known for its anonymity features. This incident has driven Monero to reach multi-year highs, bolstered by ongoing network upgrades aimed at regulatory compliance. Meanwhile, Finnish authorities have made notable progress tracing Monero transactions linked to a high-profile ransomware case, demonstrating evolving capabilities in tracking supposedly untraceable crypto flows.
Continue to read Monero Price Rockets 50% Following $330M Bitcoin Laundering Operation
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