On April 30, according to online detective ZachXBT, the US$330 million bitcoin transfer incident, which previously caused the price of Monero Coin (XMR) to surge by 50% on April 28, has been confirmed as a social engineering theft against an elderly person in the United States. The attacker used social engineering to gain access to the victim's wallet and transferred 3520 BTC (worth US$330.7 million). The stolen funds were quickly laundered through more than 6 instant trading platforms and exchanged for the privacy coin XMR, causing the price of XMR to soar. BlockBeats previously reported that a suspicious transfer occurred at an address on April 28 with the amount of 3520 bitcoins (approximately US$330.7 million). Subsequently, the funds began to be laundered through more than six instant trading platforms and converted into Monero coins (XMR), causing the price of XMR to surge by 50%.