Yesterday, April 27, 2024 3,520 Bitcoin (BTC) Transactions The researcher known as Zachxbt Possibility of theft.
Zachxbt explained on his social network X account that after the transaction, “Funds began to flush out more than six instant exchanges and switch to Monero (XMR).”
Block Explorer allows you to observe transactions made by this Bitcoin address.
It’s worth clarifying until this publication’s moment Despite researchers’ estimation, there is no confirmation that it is a robbery. Perhaps it’s Bitcoin users trying to increase their privacy Through this strategy.
The fact that XMR is being used (privacy-specific cryptocurrency) caused the hidden activity with these funds The rapid rise in prices for this Altcoindue to the size of swap Already small fluidity of exchange.
The following graph shows Monero prices over the past 7 days:
As explained in Cryptopedia (the Education section of Cryptootics), Monero is a cryptocurrency that provides privacy to users. Unlike what happens with Bitcoin and other digital assets, Monero doesn’t allow you to publicly see the movement and retention of your wallet.
This feature will not make Monero a financial system of government and regulatory pleasure. For example, many exchanges have retired XMR from the platform to avoid legal complications.
(tagstotranslate)altcoins
