News Explorer — Monero's Community Crowdfunding Wallet Breached, Resulting $460,000 Loss

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Nov 6, 6:04 am

Unchained Crypto

Monero's Community Crowdfunding Wallet Breached, Resulting $460,000 Loss

Monero, the privacy-enhancing blockchain, experienced a breach in its community crowdfunding system (CCS) wallet, resulting in the loss of 2675.73 XMR, worth around $460,000. The CCS wallet is used to fund proposals and development of the Monero protocol, with all funds donated by individuals and entities. The breach occurred just before midnight on September 1, and it is believed that the attacker is a Monerujo wallet user with the PocketChange feature enabled.

Monero, the privacy-enhancing blockchain, experienced a breach in its community crowdfunding system (CCS) wallet, resulting in the loss of 2675.73 XMR, worth around $460,000. The CCS wallet is used to fund proposals and development of the Monero protocol, with all funds donated by individuals and entities. The breach occurred just before midnight on September 1, and it is believed that the attacker is a Monerujo wallet user with the PocketChange feature enabled.

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