$330M in Bitcoin Gets the Monero Makeover—XMR Surges 50% as Privacy Play Pays Off

Crypto’s favorite mixer just got a workout: a staggering $330 million in BTC got scrubbed through Monero’s privacy protocol, sending XMR prices rocketing 50% in a week. Privacy coins aren’t dead—they’re just hiding better.

Wall Street’s compliance teams are sweating bullets. While regulators chase shadowy ’institutional adoption,’ real money moves where surveillance can’t follow. Monero’s surge proves anonymity still sells—even at hedge fund prices.

Funny how ’financial innovation’ always circles back to the oldest trick in the book: hiding the money. The more KYC rules tighten, the harder privacy coins pump. Coincidence? Ask the IRS.

Monero Soars 50% to Multi-Year High

The sudden surge in demand caused XMR’s price to spike by 50%, reaching highs of $329, a level unseen in years.

As of now, the token is trading at $267.03, up by 16.3% over the past day, according to data from CoinGekco.

Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)

Theft address
bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g

Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike…

Data from Coinglass revealed that over $1 million in short positions were liquidated during the rally, further fueling upward pressure.

Monero’s price breakout also coincided with growing anticipation around its upcoming EP159 and EP160 upgrades.

These proposals aim to make Monero more “compliance-friendly” by enabling users to prove transaction validity without revealing private details — a move analysts believe could pave the way for Monero’s relisting on major exchanges like Binance and Coinbase under Europe’s new MiCA regulations.

Notably, other privacy-focused tokens, including Zcash (ZEC), Dash (DASH), and Decred (DCR), also posted notable gains.

Finnish Authorities Trace Monero in High-Profile Hack

Despite the appeal of privacy tokens like Monero for offering enhanced anonymity, the National Bureau of Investigation in Finland reportedly made significant progress in tracing XMR transactions as part of an investigation into the criminal trial of Julius Aleksanteri Kivimäki.

Kivimäki stands accused of hacking a private mental health firm’s database and demanding ransom payments in cryptocurrencies.

Last year, prosecutors revealed a crypto trail that led to Kivimäki’s bank account.

The alleged hacker had supposedly demanded 40 Bitcoin, equivalent to approximately 450,000 euros at the time, in exchange for not exposing records belonging to over 33,000 patients from psychotherapy service provider Vastaamo.

When the ransom went unpaid, Kivimäki purportedly targeted individual patients.

Finnish police claim that the hacker received payments in Bitcoin, sent the funds to a non-compliant Know Your Customer (KYC) exchange, converted them into Monero, and then transferred them to a dedicated Monero wallet.

Subsequently, the funds were reportedly sent to Binance, where they were exchanged for Bitcoin once again before being moved to various other wallets.

The local authorities have maintained confidentiality and have not disclosed further details regarding their on-chain analysis.