{"id":6614,"date":"2023-11-06T21:03:40","date_gmt":"2023-11-06T21:03:40","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6614"},"modified":"2023-11-06T21:03:40","modified_gmt":"2023-11-06T21:03:40","slug":"monero-xmr-community-funding-wallet-stolen","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/monero-xmr-community-funding-wallet-stolen\/","title":{"rendered":"Monero (XMR) Community Funding Wallet Stolen!"},"content":{"rendered":"

Monero<\/strong> (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<\/strong>, which is approximately $384,000. The source of the security vulnerability has still not been identified, and cybersecurity firm SlowMist<\/strong> stated that this vulnerability did not originate from Monero\u2019s<\/strong> privacy model. The attack was announced only recently even though it took place at that time.<\/p>\n

The attacker executed nine different transactions successful in zeroing the balance of the Monero CCS Wallet<\/strong>.<\/p>\n

\n

You might like: Charlie Munger: Bitcoin Disrupts the Financial System!<\/strong><\/em><\/a><\/p><\/blockquote>\n

\n

Moonstone Research<\/strong> 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<\/strong> developer Luigi<\/strong>, one of the two people who had access to the wallet seed phrase, declared on GitHub<\/strong> that the wallet had been completely emptied. According to Luigi<\/strong>, he noticed this situation a month after the theft.<\/p>\n

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

\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>,<\/a>\u00a0YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":2,"featured_media":6613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2386,2388,2387,495,1881],"class_list":["post-6614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-monero","tag-moonstone-research","tag-stolen-funds","tag-wallet","tag-xmr"],"yoast_head":"\nMonero (XMR) Community Funding Wallet Stolen! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Monero (XMR) team announced that the Community Crowdfunding System (CCS) Wallet was attacked on September 1, 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/monero-xmr-community-funding-wallet-stolen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monero (XMR) Community Funding Wallet Stolen! 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