$330M Bitcoin Heist Sparks 50% Surge in Monero

Someone just stole $330 million in Bitcoin.
They then exchanged it for Monero and skyrocketed XMR’s value by 50% overnight.
It’s an unbelievable story about one of the biggest heists in the crypto world.
Let’s dive into the Thread: 🧵
A huge Bitcoin hack just occurred, with $330 million stolen!
A total of 3,520 BTC (~$330.7 million) was taken from an original holder.
The thief used this address: bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g.
On April 28, 2025, stolen Bitcoin (BTC) was quickly converted into Monero ($XMR), a privacy-focused cryptocurrency.
The thief used exchanges like KuCoin and MEXC to make the swap.
As a result, the price of Monero jumped 50%, rising from $227 to $391.
However, withdrawing the XMR has been reported as difficult.
The thief didn't act smart—they made quick exchanges with 1–3% fees for each transaction.
After hundreds of small swaps, the demand for XMR increased, causing its price to rise from $227 to $391!
ZachXBT believes the victim was an OG Whale BTC holder using platforms like Gemini.
https://x.com/zachxbt/status/1916773121652318500?s=61
Those fees are outrageous!
Zachxbt explained it: a long-time Bitcoin holder moved $330 million in small amounts through many swaps, which cost them millions in fees.
No one serious moves money like that.
It seems like an experienced Bitcoin investor without security got destroyed. Ouch.
Why did they choose Monero?
It is very private, like a ninja in the world of cryptocurrency.
It uses features like stealth addresses and RingCT, making transactions untraceable.
In contrast, Bitcoin transactions are easy to track.
However, this privacy can create sudden drops in XMR's liquidity, causing wild price changes for smaller coins.
The victim is an “OG BTC holder with weak security.”
Bitcoin is priced at $94,736 (BanklessTimes), so 3,520 BTC is a huge amount of money!
Older wallets often do not use two-factor authentication or hardware wallets, making them easy targets for theft.
The author believes ETH has bottomed in the $1,500–$2,000 range, mirroring their earlier successful BTC bottom call. With BTC dominance peaking, DXY weakening, and sentiment low, ETH is seen as undervalued late in the cycle. The setup suggests ETH could reclaim $4,000, offering a strong risk-adjusted opportunity.
Astronomer/17 hours ago

Bitcoins price has once again intersected with the average miner cost of production—a historically reliable indicator of a market bottom. Each past intersection has preceded major price rallies. With current breakeven costs near $60K, analysts expect a significant move up before the end of Q2.
Mitchell/18 hours ago

This week looks interesting with earnings reports from Meta, Amazon, and Apple, alongside crucial PCE inflation and labor market data. The trader plans to de-risk their swing long trade from $77k by taking profits in the current range. Key liquidity levels to watch are $96.8k (main) and $90k (important). The outlook suggests the potential for a third leg up toward $97k, followed by a possible retest of the 4H50EMA as support.
CrypNuevo/2 days ago

Strategy is reshaping Bitcoins scarcity with massive acquisitions, effectively halving Bitcoin supply through balance sheet firepower. By consistently absorbing up to 50% of newly mined BTC, theyre artificially creating a halving, driving Bitcoin’s scarcity ahead of schedule. This will set the global cost of Bitcoin, where access will require paying premiums, and borrowing will be a luxury for the wealthy or nations. Strategy is positioning itself as the dominant financial superpower in the Bitcoin space.
Adam Livingston/2 days ago

The next Altseason may not come from the U.S. but from Japan. While the FED cant inject liquidity, Japans looming QE program could be the catalyst for a crypto rally. After rising bond yields and a strengthening Yen, Japan may devalue its currency and pump liquidity into the market, benefiting crypto assets. With China already injecting liquidity, Japans move will likely drive altcoins higher, just as it did in 2008.
Axel Bitblaze/3 days ago

Ray Dalio, the worlds top investor, turned $0 into $14 billion in 9 years. He predicted the 2008 crisis and is now forecasting an even worse economic situation ahead. Dalio advises investing in Bitcoin due to its potential and warns of a deeper financial crisis. He emphasizes the importance of investing in real assets, especially as inflation and debt disrupt markets. Dalios strategy includes focusing on AI and real dollars over nominal growth.
Tracer/3 days ago

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