Hackers Ditching Bitcoin For Monero Due To Traceability Issues Finbold
For years, bitcoin has been the perfect cryptocurrency for hackers in acquiring ransomware. However, there concerns with bitcoin over fears it can be traced. This follows a recent operation by the FBI that successfully breached a crypto wallet held by the Colonial Pipeline hackers. The operation followed the money trail on bitcoin’s blockchain. For monero, the crypto which runs its own blockchain hides virtually all transaction details. Notably, the identity of the sender and recipient, as well as the transaction amount disguised....