Monero
Why Monero is up 1.1% in the last hour
Analysis
Monero (XMR) rose 1.1% over the past hour after reports that hackers behind a Revolut breach demanded a $3 million ransom in Monero, keeping XMR in focus due to its use in ransomware and illicit payment demands. The heightened attention around Monero’s role in the incident likely contributed to short-term buying interest and a modest price uptick.
Contributing Factors (1)
Revolut Hackers Demand $3M Monero Ransom, Threaten to Sell Customer Data: Report
The group says it chose whom to target by scanning the blockchain for Revolut accounts holding significant crypto.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.