IRS to reward anyone who can break Monero with $625k
The US Internal Revenue Service has set a $625,000 reward to anyone who can break Monero (XMR) The IRS has announced that it is offering a reward up to $625,000 to anyone who can crack reportedly untraceable crypto coins like Monero (XMR) and also mark out Lightning Network transactions. The federal agency announcement highlights the initiative’s primary goal as assisting Criminal Investigation special agents in tracking and monitoring transactions.
Monero is among the most used digital currencies by criminal organisations, as it is considered more secure compared to traceable crypto coins like Bitcoin. The blockchain analysis company has helped law enforcement trace Bitcoin and other crypto transactions to tackle crimes like terrorist financing, money laundering and child abuse.
