A new video shows that Chinalysis can track Monero transactions and obtain the IP addresses associated with them.
List of titles
news summary
- A video shows that Chainalysis can track transactions on Monero's privacy network, people familiar with the matter have said.
- Chainalysis is a blockchain data analytics company that investigates and tracks cryptocurrency transactions, particularly in the area of privacy.
According to Cointelegraph, a new video shows that Chinalysis can track transactions on the Monero network. Since Monero's brand slogan is “secure, private and untraceable digital currency that keeps your money private”; This possibility has worried users.
Can Chainalysis trace the IPs of Monero transactions?
An anonymous user shared screenshots of the leaked video on Reddit. This user has claimed that Chinalysis can track Monero transactions until 2021 using its malicious nodes. This user wrote in his post:
Chainalysis probably runs a large number of Monero nodes in different geographical locations with the help of different Internet Service Providers (ISPs) to identify IP addresses and transaction timings; Or the company has accessed the transaction feed (ip and other transaction information) through one or more default nodes of popular wallets.
While the claims about the traceability of Monero transactions may seem alarming at first, investors have no reason to panic about the privacy-preserving nature of this blockchain. Because Monero transactions are not traceable to most of the world and only Chinalysis can access this feature.
A user who commented on the video on Reddit said that despite the community's reaction to the news, Chinalysis is just doing its job. He added:
tracking transactions in the blockchain; They are doing their job. No one has claimed that they don't have permission to set up a node and collect transaction information and IPs. Chainalysis looks like a white hat hacker that makes the Monero network more secure.
It is worth noting that the price of Monro
XMR:
It is in the range of $166 and has decreased by 2% in the last day.
