this post was submitted on 30 Jan 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Vastaamo hacker traced via ‘untraceable’ Monero transactions, police says (www.bleepingcomputer.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 0 points 7 months ago

Just to make things clear, the Bitcoin ledger is entirely transparent so not actually anonymous. While it's technically possible to not get caught with bitcoin, it requires a ton of extra effort and if you mess up only once, you might retroactively link everything back together. In Monero there are some known attacks that could reduce your privacy but if you are aware of those they can be easily avoided. There's actually a whole youtube show on those.