Privacy-based Coin Monero Attracts Criminal

A study conducted by two researchers, Guillermo Suarez-Tangil and Sergio Pastrana, have shared that the privacy-based coin, Monero are most popular among the criminals and mined almost 4.32% of the total Monero. They explain, “Common yet effective approach is to use legitimate infrastructure such as Dropbox or GitHub to host the droppers, and stock mining tools.”

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Privacy-based Coin Monero Attracts Criminal

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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