Snowden: Beware of the privacy risks of Bitcoin, its transactions are not anonymous and can be traced back to individuals

PANews reported on July 28, according to News.bitcoin, Edward Snowden emphasized the trap of political loyalty and privacy issues surrounding Bitcoin in his keynote speech at the Bitcoin 2024 conference. He urged individuals to vote but warned against blindly following political ideologies. Snowden also expressed significant concerns about the privacy issues of Bitcoin. He pointed out that Bitcoin transactions are not anonymous and can be traced back to individuals, posing a risk to personal privacy. Although people generally mistakenly believe that Bitcoin transfers provide complete anonymity, Snowden clarified that most transactions can be linked through various entrances and exits, such as exchanges complying with regulatory requirements. This connection makes it possible to trace transaction history, which may reveal sensitive information about users' lives and relationships.