BlockBeats News, December 9th, Zcash (ZEC) has recently performed well. Following the seizure of 127,000 BTC held by Chen Zhi, a key figure in the “Prince Group,” and the arrest of Qian Zhimin, the mastermind of a 60,000 BTC money laundering case, ZEC’s price briefly surpassed $750 driven by the privacy narrative. However, today a new feature launched on the blockchain tracking platform Arkham has shaken Zcash’s privacy narrative.
Earlier today, Arkham introduced Zcash on-chain monitoring. It has already tagged over half of the shielded and non-shielded transactions on the Zcash privacy chain, involving $420 billion in transaction volume, all associated with known individuals and entities. The de-anonymization process conducted by Arkham on Zcash includes:
53% of Zcash transactions have been tagged;
$420 billion transaction volume attributed to specific entities;
48% of all inputs and outputs linked to specific entities;
37% of Zcash balances have been tagged (totaling $2.5 billion).
