One of Monero’s key selling points is that it allows users complete anonymity for its users. While the principle is sounds good in principle to use a hard to trace digital currency, the reality is grimier.

A recent research paper produce jointly by Universidad Carlos III de Madrid and King’s College London, respectively, finds that Monero is the most popular cryptocurrency amongst hackers. Of the $16.6 billion Monero currently in circulation, their paper estimates that 4.32% of that, or approximately $33 million at current prices has gone to criminals.

 

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