Social Lounge Started Aug 26, 2026 8:22 PM

Waygu posts alleged video of $23 million (likely illicit) swap

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Aug 26, 2026 8:22 PM Last edited Aug 26, 2026 8:28 PM
#1

https://goyimx.com/PerpetualCow/status/2092578168917921919

In one of the weirder cryptocurrency stories I've seen this year, controversial swap site Waygu posts an alleged $23 million dollar swap using their service. In their twitter posts, and based on the video, some French "entrepreneurs" are switching over BTC to XMR. It is unclear where they got the Bitcoin from, though it is implied that it was stolen in some sort of phishing scam.
My read on this is that this is a troll advertisement which recreates the legitimate $23 million dollar swap that occurred on their site, causing a temporary price surge in Monero. In the real life swap, it looks like stable coins were used to swap into XMR and not BTC: https://finance.yahoo.com/markets/crypto/articles/monero-jumps-23-million-mystery-124903517.html

Still, it is apparently working, as it is going viral. Leads me to believe the intention is to further the narrative that criminals should use XMR, and in this case, Waygu. It is also likely a way of "rehabilitating" their image after they shut down their services several months ago in light of regulations.

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Aug 26, 2026 9:33 PM
#4

@xenu is it possible this is related to the ColdCard thefts?

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principles over profit

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