Monero Community Wallet Hacked: Over $460K in XMR Stolen Amidst Security Breach

Monero Community Wallet Hacked: Over $460K in XMR Stolen Amidst Security Breach



A recent breach targeted the Monero community’s crowdfunding wallet, completely draining its funds totaling 2,675.73 XMR, equivalent to approximately $460,000.



The breach occurred on September 1, but it wasn’t until November 2 that Monero developer Luigi disclosed the incident on GitHub. He reported that the breach's origin remains unknown.



"On the first of September, 2023, the CCS Wallet was emptied of its total funds, amounting to 2,675.73 XMR, just before the stroke of midnight. The hot wallet, reserved for payments to our contributors, was not affected and currently holds around 244 XMR. We are still investigating and have not yet pinpointed the source of the security breach," Luigi stated.



The Monero Community Crowdfunding System (CCS) is responsible for financing the community’s development initiatives. Ricardo "Fluf


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Monero, #News

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