Zcash's privacy narrative is shaken as Arkham deanonymizes more than half of its transactions.

According to Mars Finance, on December 9th, Zcash (ZEC) has recently performed exceptionally well. Following the seizure of 127,000 BTC held by Chen Zhi, the head of the "Prince Group," by the US government, and the arrest of Qian Zhimin, the main suspect in a 60,000 BTC money laundering case, ZEC's price briefly surpassed $750, thanks to its privacy narrative. However, a new feature launched today by the blockchain tracking platform Arkham has shaken Zcash's (ZEC) privacy narrative. Earlier today, Arkham added on-chain monitoring for Zcash, marking over half of the protected and unprotected transactions on the Zcash privacy chain, involving $420 billion in transactions, all linked to known individuals and institutions. Arkham's Zcash deanonymization efforts include: 53% of Zcash transactions have been tagged; $420 billion in transactions have been attributed to specific entities; 48% of all inputs and outputs have been attributed to specific entities; and 37% of Zcash balances (totaling $2.5 billion) have been flagged.