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The lies of Crypto tracing companies

Updated: Sep 9


We see always a higher gain in the call for investigations on Cryptocurrency transactions, especially in Monero and Bitcoin. This leads to ridiculous comments from an industry like Chainanalysis up to CipherTrace. In real Bitcoin, Tx has only combined with the knowledge of the users who have been trapped by greediness doing KYC or other necessaries to show out their data with a KYC/AML process. Tracking today looks like you are gone fishing.


Throw out a piece of good people can't stand (like Payback Points or referral links) and they will uncover their identity. So said it's not a big deal and everyone wants to stay uncover never tell someone you got crypto or give away your wallet id or let someone look upon a blockchain for your transaction if he might know it was you.


Make it clear a spy company is as blind as you make them. That's the reason why they tell a lot of shitty stories each day. The latest fake news came from CipherTrace claiming they can follow Monero transactions. As the community made it clear. This is more of a wish than a reality. Ultimately, it does not appear that CipherTrace is capable of deriving user identities from basic wallet addresses and transaction data—certainly not to the same extent that it can identify Bitcoin users.
Instead, it seems that CipherTrace’s tool depends greatly on off-chain data from exchanges and other sources. Users who keep their personal data separate from their Monero address can expect reasonable privacy.

IN TIMES WHERE PEOPLE FIGHT THE FREEDOM OF MONEY FAKE NEWS ALWAYS A GOOD STYLE TO KEEP PEOPLE OUT. READ THE FULL STORY HERE.

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