news The Zcash Privacy Narrative Challenged by New Feature from Arkham
According to BlockBeats, Zcash (ZEC) has recently gained attention due to its strong performance, particularly after the U.S. government seized 127,000 BTC from Chen Zhi of the 'Crown Prince Group' and the arrest of Qian Zhimin, the main suspect in a money laundering case involving 60,000 BTC. The price of ZEC surged beyond $750, driven by its privacy narrative. However, this narrative has been challenged by a new feature launched by the blockchain tracking platform Arkham.
Earlier today, Arkham introduced on-chain monitoring for Zcash, marking more than half of Zcash's shielded and unshielded transactions. These transactions, totaling $420 billion, were linked to known individuals and institutions. Arkham's de-anonymization efforts on Zcash include:
53% of Zcash transactions were marked;
$420 billion in transaction volume was attributed to specific entities;
48% of all inputs and outputs were attributed to specific entities;
37% of the Zcash balance, totaling $2.5 billion, was marked.$ZEC
