In 2020, the IRS initiated a limited-time challenge to build tools for tracking Monero (XMR), providing up to $1.25M in contracts to circumvent its privacy features. Chainalysis and Integra FEC won the contracts, with each receiving up to $625k:

    https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/

    https://forklog.com/en/irs-to-task-chainalysis-with-tracking-monero-transactions/

    However, the program is still falsely represented as an active "Monero bounty." Now morphing to FBI or CIA bounty to give it more "ooomph". In reality, Chainalysis' methods have since become public and there it no active reward. While Monero developers have joined the Monero tracking gravy train at NAXO.

    https://np.reddit.com/r/Monero/search/?q=cia+bounty&type=comments

    What do you think about Monero influencers touting an IRS bounty when, in reality, it was awarded to Chainalysis five years ago?
    byu/Outside_Eye_1763 inCryptoCurrency



    Posted by Outside_Eye_1763

    1 Comment

    1. Longjumping_Bat_5794 on

      Do any of these tools actually track XMR transactions or is this just desperate Wall Street FUD because you can’t control Monero?

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