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Some Ransomware Attackers Switching from Bitcoin to Monero

Leading ransomware perpetrators are shifting more and more from the widely known cryptocurrency Bitcoin to a rival Monero, which is designed to provide greater anonymity. So reports CNBC.

blockchain 3446557 640aThe FBI’s successful effort to retrieve the Colonial Pipeline hackers’ ransom payment highlighted how a public ledger of transactions, viewable by all, is fundamental to the Bitcoin concept.

Monero, by contrast, emphasizes “privacy,” but it isn’t listed on many regulated cryptocurrency exchanges, making it less liquid.

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