If you guys remember, one of the major bitcoin mixer - bitmixer was closed in 2017 and the owner stated that after deep investigation, he could confirm that the most anonymous coin for transactions was - Monero. We all also know that this altcoins is known for it's anonimity.
But right now, as it seems, crypto analytics firm - CipherTrace announced that they are capable of tracing monero transactions (stolen money, illegal transactions, etc) and they already have filed two patents. They made this tool as a part of the project with the U.S. Department of Homeland Security and they have been working on this since 2019.
What do you guys think about it? According to the structure of monero transactions (rings...) will they really be able to trace it? Or just another hype?
But right now, as it seems, crypto analytics firm - CipherTrace announced that they are capable of tracing monero transactions (stolen money, illegal transactions, etc) and they already have filed two patents. They made this tool as a part of the project with the U.S. Department of Homeland Security and they have been working on this since 2019.
What do you guys think about it? According to the structure of monero transactions (rings...) will they really be able to trace it? Or just another hype?