Cryptocurrencies Are Traceable & What Is Cryptojacking? • Andy Greenberg & Scott Helme • GOTO 2023

Discover the truth about cryptocurrencies: traceable transactions, the collapse of FTX, and the growing concern of cryptojacking, a hacking technique that involves mining cryptocurrencies without consent.

Key takeaways

Cryptocurrencies Are Not As Anonymous As They Seem

Transactions between addresses are traceable
FTX’s collapse highlights the importance of traceability in cryptocurrencies
Monero, originally designed to be private, is now traceable in 65% of cases

Cryptojacking: A Growing Concern

Cryptojacking involves hacking websites to mine cryptocurrencies without consent
Hackers can use browser-based mining to generate large amounts of money
Alexa, a popular website, was hacked in a massive cryptojacking attack

Ransomware and Cryptojacking

Ransomware attacks often involve cryptojacking to generate revenue
Hackers can use cryptojacking to fund their operations and’)