Source: https://www.bloomberg.com/news/articles/2026-02-13/darknet-demand-for-monero-xmr-rises-stumping-crime-fighters
From the post:
>In early January, hackers drained over $200 million from a crypto wallet and swapped some of the loot into Monero, a type of digital token designed to be near-impossible to trace. To Monero’s most devoted fans, it was a sign that things were working just the way they should.
As digital assets go mainstream and law enforcement agencies get more adept at seizing illicit crypto, “privacy coins” like Monero hark back to the industry’s foundational idea: the creation of a decentralized electronic cash system running outside the purview of governments and central banks. That’s given them a cult following among libertarian-leaning crypto users — while providing a handy tool for criminals.
Source: https://www.bloomberg.com/news/articles/2026-02-13/darknet-demand-for-monero-xmr-rises-stumping-crime-fighters
From the post:
>>In early January, hackers drained over $200 million from a crypto wallet and swapped some of the loot into Monero, a type of digital token designed to be near-impossible to trace. To Monero’s most devoted fans, it was a sign that things were working just the way they should.
As digital assets go mainstream and law enforcement agencies get more adept at seizing illicit crypto, “privacy coins” like Monero hark back to the industry’s foundational idea: the creation of a decentralized electronic cash system running outside the purview of governments and central banks. That’s given them a cult following among libertarian-leaning crypto users — while providing a handy tool for criminals.
