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Monero Stalls Post-ATH: How a $282M Social Engineering Scam Fueled XMR’s Rally

By bitcoin.com
Jan 18, 2026
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$280M Crypto Heist Reportedly Tied to Monero Surge
FAQ What happened to Monero’s price in January 2026? XMR hit $797 before tumbling 22% to $617 after a sharp correction. Why did Monero surge to an all-time high? Onchain sleuths claim the rally to stolen BTC and LTC converted into XMR. Was North Korea behind the crypto hack? Investigator ZachXBT dismissed claims of state-sponsored involvement, pointing to other actors. How did the sell-off impact Monero’s market cap? XMR lost over $3 billion in 72 hours, dropping to $11.5 billion.
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