No, Monero’s privacy didn’t suddenly break in this viral video
Yesterday, Cointelegraph claimed to have discovered ‘breaking’ research regarding Monero’s privacy. The crypto publication suggested that a now-deleted video demonstrated Chainalysis’ methods for tracing Monero (XMR) transactions to individual users. Unfortunately, its journalists failed to mention that the video itself was popular among Monero advocates, providing Monero users with an understanding of how to bypass Chainalysis’ techniques. Chainalysis tools combine ‘malicious’ nodes, ‘decoy’ inputs, and IP logs from popular wallets to deanonymize XMR transactions. Quickly, the crypto privacy community took note. They commented underneath Cointelegraph’s post, asking why they characterized these techniques as ‘breaking news.’ Interesting take… given that the Monero community are the ones sharing this video, in part because it is such a great advertisement for monero. Chainalysis took down the video because they rather people not see how weak their efforts are. If ...