According to ZachXBT, the funds were stolen by hackers and quickly converted into Monero through six cryptocurrency exchanges.
Per day, the volume of the act of the asset exceeded $ 220 million, while in the previous week the indicator on average reached about $ 50 million. The growth is due to low liquidity, due to which such transactions can significantly move cryptocurrency quotes, the expert explained.
Against the background of general demand, the quotes of anonymous cryptocurrencies ZCash (ZEC) and Dash (Dash) increased, although their participation in a suspicious transaction was not confirmed.
It should be noted that despite the divisting on some crypto-rms, Monero remains in the top 30 cryptocurrencies in capitalization (more than $ 5 billion) and continues to bargain on Kraken, Bitfinex and Kucoin.
Earlier, ZACHXBT criticized the crypto -tank Crypto.com for the decision to release 70 billion Cronos (CRO) tokens – the number of coins that were burned in 2021. In this situation, Cro tokens are no different from fraud, the analyst said.
Source: Bits
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