Earlier this week, an article in Finnish publication MTV Uutiset claimed that Finland’s National Bureau of Investigation (KRP) had succeeded in tracking transactions made using the privacy preserving cryptocurrency Monero.

However, it’s unlikely that Monero itself has been compromised, a former member of the MAGIC Monero Fund committee told Decrypt. Csilla Brimer said that investigators were likely able to trace some transactions because of faulty operational security on the part of users, rather than Monero itself having been compromised.

“If you’re not careful with your operational security and you keep switching between Bitcoin and Monero, you might leak some information,” she told Decrypt. “Regulators might use this slip-up to claim they can track Monero.”

Brimer, who’s also a blockchain consultant and Open Economy Initiative co-founder, added: “Monero is very solid at guarding your transaction details, but it can’t save you from slip-ups in your own security habits.”

The KRP has been looking into transactions made by an address tied to the 2018 data breach and subsequent extortion of Finnish psychotherapy provider Vastaamo. In 2020, after having stol

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Author: Stacy Elliott

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