Monero
Why Monero is down 5.8% today
Analysis
Monero (XMR) fell 5.8% over the past 24 hours after CoinDesk reported that the researcher who recently uncovered a Zcash bug using AI has added Monero to his audit queue. The prospect of a fresh, high-profile security review can heighten near-term uncertainty and trigger risk-off selling in privacy coins as traders price in the possibility of newly identified issues.
Contributing Factors (1)
Researcher who found Zcash's bug with AI adds Monero to his audit queue
Taylor Hornby, who uncovered the Orchard flaw that sent Zcash down 38%, says other privacy coins are on his list too.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.