Stolen Bitcoin Funds Laundered Through Multiple Platforms, Impacting Monero Prices

According to PANews, a significant theft involving 3,520 BTC, valued at approximately $331 million, has been uncovered. The stolen funds are reportedly being laundered through at least six rapid exchange platforms and converted into Monero (XMR), causing a temporary surge in XMR prices. The incident has been confirmed as a social engineering scam targeting an elderly individual in the United States. The origin of the funds associated with the involved addresses is considered highly suspicious.