Lol, if the hacker converted $1.7M to Monero, the price would jump to $1,000 at an instant. He’d suffer huge slippage. Of course he’s not that dumb, to move funds using an extremely non-liquid asset…
It’s our own fault that even hackers aren’t using XMR. The volume is so tiny, it couldn’t support a single gas station on the Interstate. Monero’s joke at this point. A tool for privacy LARPers to flaunt their cipher-punk-ness.
It really depends on what you are stealing…if it’s a stablecoin or a shit/memecoin I would swap it too on a DEX for ethereum, for the sake of simplicity. If you steal bitcoin, litecoin or similar, Monero could be an option.
Lol, if the hacker converted $1.7M to Monero, the price would jump to $1,000 at an instant. He’d suffer huge slippage. Of course he’s not that dumb, to move funds using an extremely non-liquid asset…
It’s our own fault that even hackers aren’t using XMR. The volume is so tiny, it couldn’t support a single gas station on the Interstate. Monero’s joke at this point. A tool for privacy LARPers to flaunt their cipher-punk-ness.
It really depends on what you are stealing…if it’s a stablecoin or a shit/memecoin I would swap it too on a DEX for ethereum, for the sake of simplicity. If you steal bitcoin, litecoin or similar, Monero could be an option.