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?
As you can see Monero team aren't even saying anything about this because it's not real, homeland security my foot, if they have this so called tool they won't dare utter a word about it, lol this is so laughable, good move U.S department of homeland security, welcome to crypto world
Well, it's not like that at all, according to the
article published on cointelegraph, one of the Monero outreach representative said that such claims are highly suspicious. It means that they deny the fact that CipherTrace will be able to trace transactions as they claim.
Interesting timing for the more and more "persuasive" news about Monero's death.
You know that in a couple of days Monero's emission will drop under Bitcoin's? And since crypto winter has ended, I'd say that somebody wants to grab cheap coins while they stay cheap.
I think that Monero tracking may be done only in very few specific situations (laboratory specific tests), and those situations don't happen much (or at all) "in the wild", but a company needs advertising, isn't it?
Why do you say that crypto winter has ended?
Btw I agree with you, this is kind of marketing strategy when you claim something that looks like unclaimable. Monero has the reputation to be the most anonymous one, by targeting it, company gains attention of people: If they are able to find weak dots in such a currency, then there is nothing they can't do...