Monero’s community wallet loses all funds after attack

United States News News

Monero’s community wallet loses all funds after attack
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

A security breach has resulted in the loss of 2,675.73 XMR from Monero’s community crowdfunding wallet. The cause and source of the breach remain unidentified.

on GitHub on Nov. 2 by Monero developer Luigi. According to him, the source of the breach has not been identified yet.

Monero’s Community Crowdfunding System funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in the thread Monero’s developer Ricardo “Fluffypony” Spagni. To make payments to community members, Luigi used a hot wallet that has been on a Windows 10 Pro desktop since 2017. As needed, the hot wallet was funded by the CCS wallet. On Sept. 1, however, the CCS wallet was swept in nine transactions. Monero’s core team is calling for the General Fund to cover its current liabilities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gaza loses telecom contact again as Israel strikes refugee camps and rejects a pause in fightingGaza loses telecom contact again as Israel strikes refugee camps and rejects a pause in fightingGaza loses telecom contact again as Israel strikes refugee camps and rejects a pause in fighting
Read more »

Russia Loses Nearly 1,000 Soldiers in a Day: UkraineRussia Loses Nearly 1,000 Soldiers in a Day: UkraineAn uptick in Russian casualties has been reported by Kyiv since the start of an offensive in the Donetsk Oblast.
Read more »

Scarface Reboot Loses DirectorScarface Reboot Loses DirectorLuca Guadagnino​ is no longer directing the new Scarface.
Read more »

Packers receiver loses improbable fumble on the sideline while reaching for a first downPackers receiver loses improbable fumble on the sideline while reaching for a first downGreen Bay Packers receiver Dontayvion Wicks probably felt like the football gods were out to get him in Week 9. Wicks was on the wrong end of an improbable fumble after stretching for a first down in a close game against the Los Angeles Rams.
Read more »

Palestinian journalist loses sons, brother after Israel airstrike hits refugee campPalestinian journalist loses sons, brother after Israel airstrike hits refugee campExplosions seen from southern Israel as Israel rejects ceasefire calls
Read more »



Render Time: 2025-02-21 13:58:50