A leaked Chainalysis video suggests that Monero (XMR) transactions could be traceable despite the cryptocurrency's privacy-preserving claims. The video, which has since been deleted, outlines the company's methods for tracking XMR transactions and associated IP addresses.
The leak raises worrying concerns as Monero brands itself as a "secure, private, untraceable cryptocurrency that keeps your money confidential." When approached by Cointelegraph, Chainalysis declined to comment on the leaked video.
The leaked video was shared with Cointelegraph by an anonymous source, contradicting Monero's reputation as a privacy-focused cryptocurrency. This development could have significant implications for the entire Monero ecosystem and its users who value the coin's anonymity.
The potential ability of Chainalysis to track XMR transactions is a concerning revelation and may undermine the trust in Monero as a truly private cryptocurrency. The lack of response from Chainalysis further adds to the uncertainty surrounding the privacy claims of the Monero network.
Source: https://cointelegraph.com/news/chainalysis-leak-monero-traceability
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