According to BlockBeats, on December 9, Zcash (ZEC) performed impressively. After the US government confiscated 127,000 BTC held by “Prince Group” key figure Chen Zhi, and the main culprit in the 60,000 BTC money laundering case, Qian Zhimin, was arrested, ZEC’s price surged past $750 fueled by its privacy narrative. However, a new feature launched today on blockchain tracking platform Arkham has shaken Zcash’s (ZEC) privacy narrative. Earlier today, Arkham introduced on-chain monitoring for Zcash, and has already tagged over half of Zcash’s shielded and unshielded transactions on the privacy chain, involving $420 billion in transaction volume, all linked to known individuals and institutions. Arkham’s de-anonymization process for Zcash includes: 53% of Zcash transactions have been tagged; $420 billion in transaction volume has been attributed to specific entities; 48% of all inputs and outputs have been attributed to specific entities; and 37% of Zcash balances have been tagged (a total of $2.5 billion).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
