Finnish cybercrime experts claim to have achieved a forensic breakthrough that heuristically concludes the probabilistic outcome of Monero transactions.
This was revealed by Marko Leposen of the Finnish National Investigation Agency (KRP).
If true, this news would devastate a community that has believed for a decade in Monero's absolute on-chain privacy.
As reported by MTV News, a division of Finland's Telia Inc. (no relation to the Los Angeles-based entertainment brand), investigators believe someone may have illegally transferred XMR to Binance in a series of criminal transactions. It was calculated that the gender is “very high.” Unfortunately for the public, they didn't reveal how.
Details about breaking the code are unknown.
The criminal case involves Julius Alexanteli Kivimaki, who allegedly hacked medical databases and demanded ransoms. Prosecutors say he received Bitcoin payments from individual victims and then attempted to use Monero to obfuscate the money.
According to their report, “Police don't want to tell criminals or anyone else how anonymous cryptocurrencies were tracked. Effective tracking methods are may be of significant assistance in future criminal investigations.'' (Translated from Finnish) Frustratingly, withholding methods and means of future investigative authority is a common practice in law enforcement. .
Monero, which has long reigned as the world's most popular anonymous cryptocurrency, has a dedicated community of privacy-minded users. Its Confidential Transaction (CT) technology powers ring signatures and stealth addresses, making on-chain transactions using Monero's native XMR coin nearly impossible to trace. Lawsuits by Finnish law enforcement involve potential CT privacy violations in Monero.
Cryptographer Nicolas Van Saberhagen wrote the Monero whitepaper. Key figures in the cryptocurrency industry are contributing to the project, including Greg Maxwell, Franso Cabañas, and Riccardo Spagni.
Monero supporters react to Finnish news
Observers on X (formerly Twitter) reacted with a mixture of disbelief and anger.According to someone observeridentifying criminal targets was so easy that law enforcement probably didn't need to actually crack Monero's code.
Another observer agreed, concluding that “the network is still secure.”
Read more: Binance law enforcement demand for $10,000 in Bitcoin or Monero now visible
It is impossible to determine whether the country's law enforcement agencies have discovered the secret power to crack Monero's code, as the Finnish legal system allows methods and methods to be sealed from public view. It is.
Over the years, many law enforcement agencies have argued that XMR transactions are not completely private, yet the network remains popular. Every day, millions of dollars worth of his XMR is traded around the world. Perhaps law enforcement knows each trading partner, or perhaps they don't.
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