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Hackers Ditching Bitcoin for Monero Due To Recent FBI’s Privacy Breach on Colonial Pipeline Hackers

Hackers Ditching Bitcoin for Monero Due To Recent FBI’s Privacy Breach on Colonial Pipeline Hackers



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11 Comments

  1. First I think you can hardly call ransomware attacks hacking

    Second anyone not already using xmr to scam people is a moron

    But none of that matters when you store your private keys on a fucking server.

  2. Monero devs should at least create a mechanism to allow any coin to be deposited to a monero wallet and autoconvert to Monero. Privacy is not privacy at all if its time consuming and drags to long to hide ones riches right?

  3. Yeah, those hackers didn’t have the BTC sent to a private wallet. Instead, they sent it to a wallet owned by an exchange, which the FBI can easily access by asking the exchange for the private key. Remember, not your wallet, not your coins….

  4. tldr; Hackers have started to flock into Monero (XMR) from Bitcoin (BTC), in order to leverage privacy feature that is lacking in Bitcoin. This came about after the Federal Bureau of Investigation (FBI) successfully breached a crypto wallet held by Colonial Pipeline hackers. As for Monero, it cannot be traced, due to the fact that its blockchain hides transaction details.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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