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The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC using renBTC and Bitcoin privacy tools Blender and ChipMixer. The hacker’s activity has been tracked by on-chain investigator ‘₿liteZero’, who works for SlowMist and contributed to the company’s 2022
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As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as "illicit" being the top contributor. Cryptocurrency mixers, also called “tumblers,” provide anonymity to transactions, making the sender or receiver of the transaction completely unidentified. While this has a valid use
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Cryptocurrency mixers have been an interesting topic of discussion ever since the advent of cryptocurrencies and their adoption by retail investors around the world. Cryptocurrency mixers are services that essentially focus on one feature of a blockchain network: privacy. Cryptocurrency mixers, also known as tumblers, provide anonymity so no one can trace
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However, even though these privacy options have been around since 2018, the volume data suggests the penetration of CoinJoins has not increased much since the early days. Although more bitcoin has been CoinJoined each year, the highest volume month was just over 65,000 BTC in January 2021 (worth about $2.3
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Privacy advocates maintain that methods like privacy coins are a powerful way to prevent the government from snooping on your financial transactions, asserting they are not just for criminals. To obscure the flow of funds, Monero uses one-time use "stealth" addresses and mixes genuine transaction signatures with decoys. While one
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