Is Monero Still a Safe Haven for Privacy?

After thorough research, you choose Monero. This crypto promises to keep your transactions invisible. So, you use it for years, confident that your financial movements are hidden from curious eyes. But then, you find out that this promise was just an illusion. How would you feel? Duped? Misled?

Monero (XMR) mixes coins in a way that makes it impossible to link transactions to any identity. However, a recent leak of a Chainalysis video became a revelation for many. XMR may not be as untraceable as once thought. The now-deleted footage outlines methods that Chainalysis reportedly used to trace Monero transactions. For instance, the company collected transaction data from popular Monero wallets' default nodes. They also ran many Monero nodes in different regions and ISPs to capture IP addresses and timestamps.

The onchain intelligence firm has not commented on the leak.

Their tracking capabilities seem highly sophisticated and not available for common hackers. An anonymous Reddit user claims that Monero’s privacy features still remain robust for the vast majority of users. For the vast majority of users, but not for all. So, can Monero be called private then?

Online anonymity is quickly becoming a myth in a world where privacy is under siege. Taking into account such events as Durov's arrest, attacks on crypto mixers, maintaining privacy has turned into a rare luxury. Governments don’t like the cloak of invisibility provided by new tech. So, can we truly hold back this attack on our freedom and anonymity?