Blog | G5 Cyber Security

Monero emerges as crypto of choice for cybercriminals

‘privacy coin’ monero promises to help make dirty money disappear without a trace. It was designed to obscure the sender and receiver, as well as the amount exchanged. It has become an increasingly sought-after tool for criminals such as ransomware gangs. The rise of monero comes as authorities race to crack down on cyber crime in the wake of a series of audacious attacks, notably the Colonial Pipeline hack. Monero has attracted controversy since its inception, thanks to its association with illicit payments and money laundering.”]

Source: https://arstechnica.com/information-technology/2021/06/monero-emerges-as-crypto-of-choice-for-cybercriminals/

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