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.
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