Alarm bells are ringing for Monero and his wingmen

Monero (XMR) is the worst performing cryptocurrency in the last 24 hours. This privacy-focused cryptocurrency has dropped 15 percent in the last day.. XRP continues its downward movement by breaking key support levels.

Monero in trouble after popular stock market’s delist decision

Bitcoin The price is doing its best to hold on to the $29,000 region.. However, it seems that while BTC is rising, other altcoins are falling.

Monero, on the other hand, fell after the news of being delisted from a popular exchange. Of course, no reason has been announced yet for this decision.

Monero price view of the last week Source: TradingView

Down 15 percent in Monero

Monero has dropped 15% in the last 24 hours. Just after the news that Bittrex is withdrawing its support for XMR. The popular exchange also adds several cryptocurrencies to the same delist basket along with Monero.

Bittrex’s description states:

“The specified pairs will be removed on Friday, January 15, 2021. BTC-XMR, ETH-XMR, USDT-XMR, BTC-ZEC, ETH-ZEC, USDT-ZEC, USD-ZEC, BTC-DASH, ETH-DASH, USDT-DASH, USD-DASH. Transactions on these parities continue until Friday.. After these pairs are removed, Bittrex usually gives users 30 days to withdraw the delisted tokens.. However, shooting times may be shorter in some cases.. Users should withdraw their tokens before the specified withdrawal date.”

DASH and ZEC also fell on this news.

Is there any more drops?

It is thought that this step of the stock market may have come on the concerns of governments about privacy-oriented cryptocurrencies.. Attorney Jake Chvervinsky says:

“It’s sad that exchanges are delisting these cryptocurrencies just because they have privacy-focused features.. There are no laws or regulations that require this. Only the DOJ considers the privacy feature to be ‘possible indication of criminal activity’.”

Source

What’s next for Monero, Dash and Zcash?

It seems that privacy-oriented cryptocurrencies such as Monero, Dash and Zcash will have problems with exchanges from now on.. Because governments think that these privacy-oriented cryptocurrencies are used for crime.. For this reason, they can create a pressure on the stock markets, albeit secretly..

Hacker attack on Monero!!

According to the information received, a few days ago, Monero was attacked by a hacker.. The hacker or hacker group, whose identity has not yet been revealed, announced the Monero attack by making some sensitive posts. Riccardo Spagni’s statement came.

Monero suffered a hacker attack a few days ago. An unknown hacker or hacker group announced that they have found a magic formula that can hack Monero..

The personal and private information of many Monero users was shared on a site called

Fireice_UK. Among the shared information, there is also the sexual preferences of the people.. The statement is as follows:

“Anonymous” cryptocurrency #Monero has been broken.

Now go and see how many pedophiles think he [Monero] is undercover. 100 new IP addresses, transaction details and porn preferences will be released every day. #SaveTheChildren $xmr

— Fireice UK (@fireice_uk) November 5, 2020

What is Monero XMR coin and how to get it

Monero has an unknown face?

The site that discloses user information has also prepared a FAQ (Frequently Asked Questions) section..

Fireice_UK claims that it has been following the blockchain for a while, that the Monero developers knew about the project’s vulnerabilities, but ignored it and preferred money..

In continuation of Fireice claims;

I’ve been recording Monero transaction details for almost a year.
The main reason I went public is outright lies that Ciphertrace is nothing to worry about and that Monero is private.

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It is a question of how the hacker accessed this information.. The hacker is targeting Ciphertrace, but it’s possible that they got the information from the nodes..

If your #monero process is stuck in mempool for a few minutes. I have bad news for you – this means that the transaction was recorded by BADCAC.

–Fireice_UK(@fireice_uk) November 5, 2020

Actually Monero’ what happened

Riccardo Spagni “fluffypony”, a long-time lead developer at Monero, gave some insights. Spagnia; He stated that there is nothing to worry about, on the contrary, it is impossible to fully reveal user identities thanks to Monero’s original design..

Spagni wrote in the continuation of his statement;

Some time ago, an extremely incompetent attacker, via Sybil, used the ip addresses of broadcast nodes attacked Monero by trying to get involved in transactions. This way, it was the first Sybil attack. The attack was just as ineffective.

—Riccardo Spagni (@fluffypony) November 10, 2020

Spagni advises users who are afraid of future Sybil attacks to perform their transactions via Tor.

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What is Sybil attack?

A Sybil attack is when a malicious agent tries to obtain user information, such as by opening multiple accounts or nodes, or by blocking transactions..

Source