Moonstone Research Archives - Coin Engineer https://coinengineer.net/blog/tag/moonstone-research/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 06 Nov 2023 21:03:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Moonstone Research Archives - Coin Engineer https://coinengineer.net/blog/tag/moonstone-research/ 32 32 Monero (XMR) Community Funding Wallet Stolen! https://coinengineer.net/blog/monero-xmr-community-funding-wallet-stolen/ https://coinengineer.net/blog/monero-xmr-community-funding-wallet-stolen/#respond Mon, 06 Nov 2023 21:03:40 +0000 https://coinengineer.io/blog/?p=6614 Monero (XMR) team announced that the Community Crowdfunding System (CCS) Wallet was attacked on September 1, 2023. The attacker managed to steal the entire balance of 2,675.73 XMR, which is approximately $384,000. The source of the security vulnerability has still not been identified, and cybersecurity firm SlowMist stated that this vulnerability did not originate from

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]]> Monero (XMR) team announced that the Community Crowdfunding System (CCS) Wallet was attacked on September 1, 2023. The attacker managed to steal the entire balance of 2,675.73 XMR, which is approximately $384,000. The source of the security vulnerability has still not been identified, and cybersecurity firm SlowMist stated that this vulnerability did not originate from Monero’s privacy model. The attack was announced only recently even though it took place at that time.

The attacker executed nine different transactions successful in zeroing the balance of the Monero CCS Wallet.

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Moonstone Research undertook the task of exploring how the attacker moved these funds. The security company’s analysis revealed some interesting results. Additionally they were able to track three of the attacker’s transfers with certainty. Also 2 months after the attack, XMR developer Luigi, one of the two people who had access to the wallet seed phrase, declared on GitHub that the wallet had been completely emptied. According to Luigi, he noticed this situation a month after the theft.

The other person with access was former Monero (XMR) developer, known as “fluffypony”, Ricardo Spagni. He surrendered to US authorities for extradition to South Africa in July 2023 and was accused here of invoice fraud against a biscuit company.

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