Monero Developer Expects More Criminal Groups to Use the Crypto for Ransoms

Criminal use of the Monero cryptocurrency is expected to increase significantly in the future, Justin Ehrenhofer, a member of the coin’s development community has told Newsweek.

The use of cryptocurrency in cybercrime has risen to prominence in recent weeks following the Colonial Pipeline hack in May, which forced pipeline officials to pay a Bitcoin ransom worth $4.4 million.

The FBI later confirmed a criminal organization known as DarkSide was responsible for the attack.

Last week, U.S….

Source link

About bitcoin

Check Also

Monero Bug May Impact Privacy Regarding Transactions

A software engineer has identified a flaw in the Decoy XMR algorithm with some privacy …

Leave a Reply

Your email address will not be published. Required fields are marked *