Monero Wallet Hacked $460,000 Lost
Monero wallet hacked, $460,000 lost on Sept 1. Cause unknown, flaw in privacy suspected.
Monero's fundraising wallet was hacked on September 1, with thieves stealing 2,675.73 XMR, valued at about $460,000.
Crypto journalist Colin Wu reported the Monero Community Crowdfunding System (CCS) hack, with the cause still unknown. Security experts suggest a flaw in Monero's design may be to blame.
In November, a Monero developer noticed that the CCS's funds were gone. Researchers think the hacker used a Monero Android wallet with a feature that splits funds into multiple parts, which could have helped in the theft.
The hacker's method of splitting the stolen Monero suggests they used a unique wallet feature, hinting at how they may have carried out the crime.
