this post was submitted on 11 Nov 2023
11 points (100.0% liked)

Monero

17 readers
2 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

the onchain activities of the attackers were monitored and […] action was taken to freeze the wallets held by the attackers by working with other cryptocurrency exchanges

a member of the cryptocurrency community questioned how Binance could freeze these funds despite the fact that cryptocurrencies are marketed as not being confiscable by third parties

Changpeng Zhao […] said that the whole thing is a matter of balance. […] CZ implied that a solution to events such as theft cannot be found in a system that cannot be completely frozen.

CZ stated that if users use privacy coins such as Monero (XMR), such freezes will not occur, but the stolen funds cannot be returned.

Cf.

PS. See also: Bitcoin can be traced, If you use XMR, then there isn’t much anyone can do https://monero.town/post/1069626

you are viewing a single comment's thread
view the rest of the comments
[–] Saki@monero.town 2 points 1 year ago

That might be a good point :)