|

Research shows that criminals using Zcash in the dark web don’t know how to use its anonymityl

A study by Rand Corporation revealed that dark web criminals do not fully understand Zcash technology. 
Criminals are likely unaware of the anonymity offered by Zcash, according to the study. 

A recent study by Rand Corporation has indicated that people using Zcash for illegal purposes in the dark web may not fully comprehend the underlying technology. According to the report released by the firm, criminals are likely not aware of the anonymity offered by Zcash. 

The study emphasized that Zcash’s branding as compliant with AML/CFT regulations may make it less susceptible to criminal activities. The report suspects that hackers choose to “go where the money is,” explicitly mentioning Bitcoin. BTC has a “hegemony” and gives criminals confidence in their illicit activities, (due in part to its popularity) according to the research. The study further highlighted that criminals do not consider Zcash practical in terms of usability. Darknet analysis revealed that Zcash has a minor to non-existent presence. 

According to the report, most criminals are not using shielded Zcash payments, which would otherwise help in protecting their identities. Researchers speculate that these people “either do not understand the Zcash operating model or are not aware.” The report concluded by saying:

Bitcoin is still perceived to be the dominant cryptocurrency for illicit or criminal activities on the dark web. 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.