Monero community wallet funds drained in security breach
Monero’s community crowdfunding wallet recently fell victim to a security breach, resulting in the loss of its entire balance of 2,675.73 Monero, worth nearly $460,000. The attack on the privacy coin’s wallet occurred on Sept. 1 but was not revealed until Nov. 2 on GitHub. According to the company, the source of the breach remains unidentified and is still under investigation. Monero’s developer, Luigi, disclosed that a total of 2,675.73 XMR, valued at approximately $460,000, was stolen during the breach. He clarified that while the community crowdfunding system (CCS) wallet was emptied, the separate hot wallet for payments to contributors was unaffected, retaining a balance of around 244 XMR. You might also like: How blockchain security experts investigate hacks | Interview The CCS wallet, established in 2020 to fund community-driven development proposals, was operated from a single Ubuntu system running a Monero node on a Windows 10 Pro laptop. Luigi...