According to Cas Abbé on Twitter, a major Bitcoin OG wallet was hacked, resulting in the theft of approximately $330 million worth of BTC. The hackers subsequently laundered the stolen funds by swapping Bitcoin for Monero (XMR) across several exchanges, making the trail harder to trace. This event stands out because the compromised wallet is not linked to any known crypto exchange or institution, suggesting it belonged to an early adopter or significant private holder. Traders are monitoring exchange inflow and XMR trading volumes closely for unusual activity, as such large-scale laundering can impact both BTC and XMR liquidity and price action in the short term (source: Cas Abbé Twitter, April 28, 2025).

According to ZachXBT, a suspicious transfer of 3520 BTC, valued at approximately $330.7 million, was reported nine hours ago from a potential victim's wallet to the address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g. The stolen Bitcoin was quickly laundered through more than six instant exchanges and converted into Monero (XMR), resulting in a noticeable spike in XMR's market price. Traders should note heightened volatility for XMR and increased regulatory scrutiny of associated BTC and XMR addresses, as reported by ZachXBT on Twitter (source: ZachXBT, Twitter, April 28, 2025).