Monero (XMR) Price Surge Attributed to Social Engineering Hack: ZachXBT
According to The Block, privacy coin Monero (XMR) recently reached an all-time high, and crypto investigator ZachXBT believes he has identified a contributing factor. ZachXBT suggests that funds obtained through a social engineering hack were converted into Monero, potentially driving the asset's price increase. The report highlights the potential impact of illicit activities on cryptocurrency markets and the role of privacy-focused coins in such transactions.
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