Chainalysis Leak Questions Monero Privacy

Alpha Team
September 09, 2024

🔐 Monero's Privacy Questioned

Chainalysis Leak Reveals Traceability: A leak from Chainalysis, dated 2021, suggests that Monero (XMR), often touted as fully anonymous, can be partially traced. Reports claim a traceability rate of 6% to 25%, raising concerns among privacy advocates.

Mixed Reactions From Experts: While some in the community worry, others argue the findings aren’t alarming. One expert noted that “traceability doesn’t mean transparency,” emphasizing the limits of Chainalysis' claims.

Call for User Vigilance: Users are advised to be cautious when relying solely on Monero's privacy. The leak has reignited discussions about enhancing privacy features in cryptocurrencies. Read More.

️ On today's Top Picks:

💸 FriendTech creators walk away with $44m amid shutdown.
📉 Digital Assets realize $725.7m of outflows last week.
💳 Scroll & EtherFi partner to launch EtherFi Cash credit card.
🔓 Aptos $APT token unlock worth ~$68m on Sep 11th.

Read time: ⏰ 5 minutes

Crypto News

• ⭐️ Leaked Chainalysis video suggests Monero transactions may be traceable.

• ⭐️ FriendTech $FRIEND Creators walk away with $44m as it shuts down & renounces control of smart contracts.

• ⭐️ Digital Asset Investment Products realized $725.7m of outflows last week; most since March.

• Ripple $XRP to launch US dollar-pegged stablecoin $RLUSD within coming weeks.

• US Judge issues "temporary administrative stay" in CFTC-Kalshi election contract dispute.

• Snapshot launches Snapshot X, a new fully onchain voting protocol.

Alpha

• Arbitrum launches free Infinite Rainbows NFT mint powered by Stylus.

• ⭐️ Scroll & EtherFi $ETHFI partner to launch EtherFi Cash, a crypto-native credit card.

• Irys launches 18 dynamic NFTs on Berachain bArtio Testnet.

• Jumper updates Jumper Loyalty Pass with XPs from August.

• Caldera launches Meet The Metalayer campaign on Layer3; $100k in incentives.

• Unite launches Odyssey Season 2; participants earn rewards with $UNITE airdrop.

Airdrops

• Weekly Airdrop News by Earndrop.

• ICYMI Linea Ecosystem Updates by Earndrrop.

• Fractal Bitcoin launches Bootstrap Program rewarding active Bitcoin users.

• LogX introduces $LOGX token; 12% set for Airdrop Season 1 & 40% set for future community rewards.

• Alphabot introduces $BOOST token; launches retroactive airdrop for Season 0.

• List Of Upcoming TGEs & More by ICO Analytics.

Finance News

• Tether acquires 9.8% stake in Adecoagro for $100m; Adecoagro is a Latin American agricultural giant.

• Block $SQ overtakes Coinbase $COIN in market capitalization; Coinbase previously passed Square in March.

• Bitfarms $BITF reschedules shareholders meeting to review Riot’s $RIOT amended requisition.

• Google $GOOGL $GOOG faces new antitrust trial after search engine monopoly ruling.

Security and Exploits

• SlowMist Weekly Crypto Security Report highlights ~$30m in total losses.

• Penpie Exploiter launders last of stolen Ethereum $ETH through Tornado Cash; total of 11.16k $ETH worth ~$27m.

• Beginner's Guide To Web3 Security: Avoiding Honeypot Scams by SlowMist.

• ICYMI Angel Drainer returns & releases AngelX, a new sophisticated wallet drainer.

Token Unlocks

⭐️• Aptos / 11.31m $APT / ~$68m / SEP 11
• IOnet / 2.11m $IO / ~$3m / SEP 11
• Cyber / 886.12k $CYBER / ~$3m / SEP 13
• Render / 760.57k $RENDER / ~$4m / SEP 14
• Starknet / 64m $STRK / ~$28m / SEP 15
• Ethena / 14.89m $ENA / ~$3m / SEP 15
• Arbitrum / 92.65m $ARB / ~$47m / SEP 16

Funding

• Drip Labs raises $8m in Seed funding led by NFX.

• Blocksense Network raises $4m in Seed funding led by Permutation.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOL	ASSETS	APY
Merkl (Ethereum)	USDCDYAD	37.14%
Anzen V2 (Ethereum)	SUSDZ	24.20%
Vesper (Ethereum)	FRAX	21.94%
MIM Swap (Arbitrum)	MIMUSDT	21.60%
Avantis (Base)	USDC	20.00%
Extra Finance (Base)	USDZUSDC	18.33%
Turbos (Sui)	USDTUSDC	17.84%
Aerodrome V1 (Base)	USDZUSDC	16.84%

. . .

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