Blog | G5 Cyber Security

Can You Crack Monero? IRS Offers $625,000 Bounty for Anyone Who Can Break Privacy of Cryptocurrency

Monero (XMR) is a famously privacy-centric cryptocurrency, with features built into it that claim to make transactions untraceable and completely private. The IRS want to trace Monero transactions, which unlike Bitcoin are entirely private. A scheme called Pilot IRS Cryptocurrency Tracing could help the IRS trace those who have avoided paying tax, and assist in criminal investigations. The agency is looking to share a total of $625,000 to one or more contractors who assist them in their goal to break Monero, other anonymity-enhanced cryptocurrency, or Lightning or other.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/can-you-crack-monero-irs-offers-625000-bounty-for-anyone-who-can-break-privacy-of-cryptocurrency/

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