Bitcoin hack sends Monero 50% higher
Last Updated on 29 April 2025 by CryptoTips.eu
It’s been a while since I last talked about privacy coins. For the newbies amongst you, these are digital coins that offer the possibility to trade completely anonymous. Normally, they don’t make the news that often but yesterday was different. XMR (or Monero) was truly everywhere. That was because a hacker tried to ‘launder’ around 330 million dollars in Monero this weekend. The price of the well-known privacy coin rose by around 50% during his ‘illegal’ transaction.
🚨MASSIVE HACK!!!🚨
— CoinspiracyNews (@CoinspiracyNews) April 28, 2025
Massive Hack: 3,520 Bitcoin Stolen and Washed Through Monero (XMR) After $333M Theft pic.twitter.com/rOPCU0uWrM
Accounts
The new, unknown hack is the second-largest crypto heist of 2025 so far. The biggest was of course the ByBit hack of February, in which the Lazarus Group stole over $1 billion (and then transferred it to the account of North Korea’s dictator Kim Jung Un).
Imagine waking up and seeing $330M of your BTC gone.
— Rananjay Singh (@TodayCryptoRj) April 28, 2025
Today, a hacker took 3520 $BTC and changed it into $XMR.
Monero’s price jumped 50%, and the trail was lost.
Privacy coins give freedom but also hide bad things.
Crypto is not just for making money.
It is also about trust.… pic.twitter.com/6czwvrJh26
At this point, we’re still in the dark about who was the victim of this latest hack and who the hackers were, but it turns out that ‘someone’ suddenly wanted to convert around 3,500 Bitcoins, worth around $330 million at the time of writing, into Monero via multiple accounts, all at the same time on Sunday night.
This of course caused a huge increase in demand for Monero, causing its price to skyrocket. At its peak, Monero’s price increased by around 50%. Someone made good money there.
