Monero (XMR) is the most popular privacy currency in the cryptocurrency market as it provides completely anonymous transactions. Precisely for this reason, Monero (XMR) is also appreciated by hackers who prefer to use the encryption to extract XMR to protect themselves from the authorities. Also, because of this cryptographic nature, Changelly has held Monero (XMR), along with other privacy coins, for KYC verification.
Monero's most recent illegal extraction situation (XMR) affected the Google Chrome MEGA extension infected by
Monero's (XMR) price collapsed due to the recent cryptojacking that It involves
Because of more and more cryptographic programs involving Monero (XMR), the price of private money has decreased significantly, in recent times.
Momentum of this writing, XMR trades at $ 113.43, recording a 0.02% increase in the last 24 hours, corroborated by the superficial recovery of the cryptocurrency market. However, over the past seven days, Monero (XMR) has lost about 7%.
Moreover, Monero (XMR) managed to maintain its tenth position in the crypto market with a market capitalization of $ 1,858,976.706.
Changelly detained Monero (XMR) and other privacy coins for verification KYC
As mentioned above, cryptocurrency enthusiasts are attracted to Monero (XMR) as a privacy currency which maintains the anonymity of the transactions. However, this fact also attracts hackers who can execute their cyber attacks (which largely involve malware programs to illegally use the power of computer victims "for Monero) without revealing their identity.
Being aware of this , Changelly, a Czech cryptocurrency exchange platform, has strengthened its security measures for Monero (XMR) owners, so all accounts that look suspicious have frozen XMR funds until KYC verification is completed.
According to Changelly, however, once KYC verification had been met, the Monero holders (XMR) concerned would have been able to use their XMR funds again.
As reported by the exchange of cryptocurrencies, Changelly has detained Monero ( XMR) and other encrypted privacy for the KYC verification because these cryptocurrencies are, in their opinion, risky, however, they have blocked only those accounts with "Suspicious" transactions conducted in XMR and other criptos of this type.