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The Analyst Prompt #16: Monero’s Hard Fork Enhances Privacy and May Make It More Attractive to Cybercriminals
Aug. 25, 2022, 12:04 p.m. | EclecticIQ Threat Research Team
Security Boulevard securityboulevard.com
New & Noteworthy: Monero Hard Fork Improves Privacy - Bitcoin Will Likely Remain Criminals’ ‘Favorite’
On August 13th, 2022, Monero underwent a hard fork, i.e. a protocol upgrade that introduced several new features to improve user anonymity and performance. [5] EclecticIQ analysts assess that Bitcoin will remain the most popular currency used by cybercriminals [6], but that savvy criminals will switch to Monero and other Anonymity Enhanced Cryptocurrency (AEC). Due to its promise of privacy, the adaption of Monero …
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