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In an effort to obscure their trail, the hackers converted stolen Bitcoin into Monero, a cryptocurrency touted for its privacy features. While Monero does provide a high degree of anonymity by concealing transaction details, it does not make users completely invulnerable. The FBI and law enforcement agencies have indeed made strides in tracing such transactions, not through a direct technical mechanism to trace Monero itself, but rather through investigating the broader context of the theft, including mistakes made by the hacker.