Chainalysis Claims Tracing Monero Transactions, Monero Community Leader Disputes
- A leaked video suggests that Monero transactions may be traceable, contradicting the coin's privacy claims.
- Chainalysis, a blockchain analytics firm, allegedly traced Monero transactions using its own "malicious" nodes.
- Monero community leader Csilla Brimer refuted the claims, stating that Chainalysis used fake proxy nodes.
- Users can protect their privacy by running their own Monero nodes or using the Tor browser.
- Binance will convert Monero balances to USD Coin (USDC) as part of the coin's delisting from the platform.
- Monero's market cap has dropped 3.1% in the past 24 hours.
Summary :
A leaked video from blockchain analytics firm Chainalysis suggests that transactions made using the privacy coin Monero (XMR) can be traced. However, Monero community leader Csilla Brimer has refuted these claims, stating that Chainalysis was only able to trace transactions because it set up its own Monero nodes. Brimer emphasized the importance of protecting one's IP address to maintain privacy when using Monero. This incident highlights the need for Monero users to run their own nodes or use privacy-focused tools like Tor. Despite these allegations, Monero remains the world's largest privacy coin with a market capitalization of $3.1 billion.
Sources :
- Decrypt
- CoinTelegraph
