New research about Haveno shows XMR/BTC trades are traceable (arxiv.org)

submitted 2 days ago* (last edited 2 days ago) by HardenedSteel@monero.town to c/monero@monero.town

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New research paper about HavenoDex shows trades between Monero and Bitcoin are traceable.

Abstract:

...We further identify and report on a privacy vulnerability in the recently popularized Haveno exchange, demonstrating that certain Haveno trades could be detected, allowing transactions to be linked across the Monero and Bitcoin blockchains.

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[-] Wave@monero.town 2 points 1 day ago* (last edited 1 day ago)

So: stick with Monero. It is a common misconception that swapping back and forth makes sense. If you want to store value, you should store it in the more secure Monero and, if you need to use BTC, exchange the required amount into BTC at the time of payment.

When exchanging BTC for XMR, it is a necessary evil that you have to use the BTC. But once you have exchanged them for XMR, you are on the safe side.