Monero
Why Monero is up 8.7% today
Analysis
Monero (XMR) rose 8.7% over the past 24 hours after reports that hackers targeting Revolut demanded a $3 million ransom payable in Monero, which can draw attention to XMR’s use in illicit payment demands and potentially boost near-term demand. Decrypt reported the attackers threatened to sell customer data if the ransom wasn’t paid, putting Monero at the center of the story and likely contributing to the move.
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.