US Authorities Can Now Track the Privacy-Focused Monero Cryptocurrency

The leading crypto intelligence firm CipherTrace has developed a toolset to assist U.S. law enforcement to track the privacy-centric Monero cryptocurrency.

The cryptocurrency analytics firm CipherTrace has made the announcement that they have created a toolset designed to help trace transactions made using the privacy-centric Monero virtual currency – stating that they did so under contract with the U.S. Department of Homeland Security (DHS).

‼️ Monero Can Now Be Tracked

A press release by CipherTrace stated that the goal behind development of the tracing tools was harnessed from the U.S. law enforcement need to track the transactions made across criminal networks using the Monero cryptocurrency.

The firm reflected on the fact that Monero has since grown to become the second most popular digital coin in the dark web – with estimate figures indicating that about 45 percent of dark web platforms have adopted Monero integration.

It is for the above reason that law enforcement interest has developed around the digital currency as the facilitator of darknet-backed cybercriminal enterprises. As mentioned already, Monero offers far better features than Bitcoin, including the ring signature mechanism to ensure user anonymity.

Ring signatures work to mix transactions so that when third party actors try to figure out the source of funds sent in Monero, it will appear as though multiple users participated in the transaction. The feature makes it virtually impossible for law enforcement agencies to identify the true sources of such funds.

👀 👉🏼 http://tapeucwutvne7l5o.onion/us-authorities-can-now-track-the-privacy-focused-monero-cryptocurrency

👀 👉🏼 https://ciphertrace.com/ciphertrace-announces-worlds-first-monero-tracing-capabilities/

#monero #cryptocurrency #ciphertrace #usa #authorities #tracing #Privacy #thinkabout
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag

IRS Wants to Pay $625,000 for Tools to Track Monero

The United States Internal Revenue Service is offering $625,000 for Monero-tracing software, according to a recently published proposal request.

In the proposal request, the IRS described the need for “innovative solutions for tracing and attribution of privacy coins,” including Monero and the Bitcoin Lightning Network.

The use of privacy coins is becoming more popular for general use, and is also seeing an increase in use by illicit actors,” the IRS wrote in the proposal. “Currently, there are limited investigative resources for tracing transactions involving privacy cryptocurrency coins such as Monero, Layer 2 network protocol transactions such as Lightning Labs, or other off-chain transactions that provide privacy to illicit actors.”

The IRS is planning on spending $1 million this fiscal year on multiple proposals, according to the document.

💡 Documents attached to the proposal: 👈🏼

👉🏼 Pilot+IRS+Crypto+RFP+FINAL.pdf
http://darkzzx4avcsuofgfez5zq75cqc4mprjvfqywo45dfcaxrwqg6qrlfid.onion/post/irs-wants-to-pay-625000-to-track-monero/documents/Pilot+IRS+Crypto+RFP+FINAL.pdf

👉🏼 Clauses+Provision+Attachment+Crypto.pdf
http://darkzzx4avcsuofgfez5zq75cqc4mprjvfqywo45dfcaxrwqg6qrlfid.onion/post/irs-wants-to-pay-625000-to-track-monero/documents/Clauses+Provision+Attachment+Crypto.pdf

👉🏼 Related: CipherTrace Provided Feds with “Monero Tracing” Tools
http://darkzzx4avcsuofgfez5zq75cqc4mprjvfqywo45dfcaxrwqg6qrlfid.onion/post/ciphertrace-provided-feds-with-monero-tracing-tools/

👀 👉🏼 http://darkzzx4avcsuofgfez5zq75cqc4mprjvfqywo45dfcaxrwqg6qrlfid.onion/post/irs-wants-to-pay-625000-to-track-monero/

#irs #monero #tracking #tracing #privacy #thinkabout
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag

Haveno

https://github.com/haveno-dex/haveno

Private and decentralized way to #exchange #Monero for national currencies or other #cryptocurrencies. Haveno uses peer-to-peer networking and multi-signature escrow to facilitate trading without a trusted third party custodian. Disputes can be resolved using non-custodial arbitration. Everything is built around Monero and Tor.

Haveno is the Esperanto word for "Harbor". The project is stewarded by a core Team, currently formed by 2 people: ErCiccione and Woodser. See the FAQ in the wiki for more information about the project
https://github.com/haveno-dex/haveno/wiki/FAQ

Haveno is still work in progress. There are no binaries available at this stage. If you want to test Haveno you have to compile it first (see https://github.com/haveno-dex/haveno/blob/master/docs/installing.md).

Status of the project
At the moment Haveno is only a Proof of Concept. It's already possible to initiate crypto <-> XMR and fiat <-> XMR trades, but the platform still needs a lot of work before being available for public use.