Monero
Why Monero is up 9.6% today
Analysis
Monero (XMR) rose 9.6% over the past 24 hours as attention turned to its use in a high-profile ransom demand. Decrypt reported that hackers targeting Revolut demanded a $3 million ransom in Monero and threatened to sell customer data, which likely increased near-term demand and market focus on XMR.
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.