Zcash Privacy Narrative Shaken, Arkham Deanonymizes Over Half of Its Transactions

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).