ZachXBT: 3,520 BTC were suspected to have been stolen from a certain address. After the funds were converted into Monero, XMR rose by more than 50%.

Odaily News Chain detective ZachXBT wrote, “Nine hours ago, a suspicious transfer of 3,520 bitcoins (about $330.7 million) occurred at a certain address. Subsequently, these funds began to be laundered through more than 6 instant trading platforms and converted into Monero (XMR), causing the price of XMR to soar by 50%.”