Monero Owners Are Staging a Crypto Bank Run to Test Exchanges

Monero

Image: Ulrich Baumgarten/Contributor

Community members for privacy-focused cryptocurrency Monero are planning to simultaneously withdraw their holdings from a series of exchanges in an effort to prove that the exchanges are selling Monero that they don’t actually possess.

The self-described “Monerun”—as in bank run—is planned for Monday 18 April, which is also Monero’s 8th birthday. 

“April 18th. We’re withdrawing XMR from exchanges. Any exchange that hasn’t disabled withdraws…


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