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29 September 2020

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning


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The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network. .

This grant will allow applicants to develop their prototype into a working concept over the next eight months.

The IRS noted that XMR is being used for all future ransom demands and transactions by ransomware group Sodinokibi due to its “privacy concerns”.

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