Monero's Community Crowdfunding Wallet Hacked, Losing Nearly $460,000 Worth of XMR
Monero's community crowdfunding wallet was recently attacked, resulting in the loss of its entire balance of 2,675.73 Monero (XMR), valued at almost $460,000. The attack occurred on September 1, but was only disclosed on GitHub on November 2 by Monero's developer Luigi. The source of the breach has not yet been identified. Monero's Community Crowdfunding System (CCS) funds development proposals from its members, and the attack has been described as "unconscionable" by Monero's developer Ricardo "Fluffypony" Spagni.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
