After crypto hacks occur, scammers often move stolen funds through privacy-focused cryptocurrencies. While this has created a perception of hackers preferring privacy coins, these assets function as a specialized “black box” within a larger laundering pipeline. To understand why privacy coins show up after hacks, you need to take into account the process of crypto laundering. This article explores how funds move post-hack and what makes privacy coins so useful for scammers. It examines emerging laundering methods, limitations of privacy coins like Monero and Zcash as laundering tools, legitimate uses of privacy ... (full story)