Leaked Video Suggests Monero Transactions May Be Traceable

According to Cointelegraph, a leaked video from Chainalysis has raised concerns about the traceability of Monero (XMR) transactions, despite the cryptocurrency's reputation for privacy and confidentiality. The video, which has since been deleted, was accidentally leaked and shared by an anonymous source with Cointelegraph. The footage suggests that Chainalysis may have developed methods to track Monero transactions, potentially undermining the privacy features that Monero is known for. When approached by Cointelegraph for comment, a spokesperson from Chainalysis declined to provide any statements regarding the leak. The video has also resurfaced on Reddit, posted by a user under the pseudonym _It_, who claims that Chainalysis has been tracking Monero transactions since 2021 using its own “malicious” Monero nodes. The user explained that by running a large number of XMR nodes from various geographical locations and ISPs, Chainalysis could capture transaction IP addresses and timestamps. This data, combined with fake “decoy” inputs, could potentially reduce the anonymity of Monero transactions. The implications of this leak are significant, as Monero has marketed itself as a secure and untraceable cryptocurrency. The potential ability of Chainalysis to track Monero transactions could have far-reaching consequences for users who rely on the privacy features of the cryptocurrency. Cointelegraph has also reached out to Monero for comment on the situation.