Internal Revenue Service to pay $ 625 thousand for hacking Monero and Lightning Network

Internal Revenue Service to pay $ 625 thousand for hacking Monero and Lightning Network

The Internal Revenue Service (IRS) is ready to pay $ 625 thousand for the development of tools for tracking transactions and identifying addresses of confidential cryptocurrencies, such as Monero, as well as the Lightning Bitcoin network.

According to the official announcement, the service is looking for one or more contractors to help criminal investigation agencies track the movement of cryptocurrency. Prototype applications will be accepted until September 16th.

The developers of the selected options will be provided with a grant of $ 500,000 to create a working concept over the next 8 months. Upon completion of the tests, the teams behind the government-approved decisions will be additionally rewarded with $ 125,000 each.

Ultimately, the IRS wants tools to track transactions, identify wallets, pinpoint dates, times of transactions and transfer amounts. This should help the department organize surveillance of the criminal activities of users of confidential coins without involving third-party service providers.

In addition, last year the FATF also announced plans to develop a system for global monitoring of cryptocurrency transactions.

, New York Post

Internal Revenue Service to pay $ 625 thousand for hacking Monero and Lightning Network

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