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29 November 2020

CipherTrace Files Patents For Tech That Can Trace Monero Transactions - Decrypt

CipherTrace Files Patents For Tech That Can Trace Monero Transactions - Decrypt


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The cat-and-mouse game between blockchain forensics firmCipherTraceand privacy coinMonero(XMR) continued this week when CipherTrace on Friday announced that it hadfiled two patent applicationsfor methods to trace Monero transactions—transactions that are designed to be untraceable. .

The first patent, “techniques and probabilistic methods for tracing Monero”, lays the groundwork for the firm to develop probabilistic methods that assign numbers to Monero transactions and cluster likely owners, and adopt probabilistic approaches to money laundering controls. .

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