The Monero Project is admitting that one of its wallets was drained by an unknown source in September, losing the equivalent of around $437,000 at today’s exchange rate.
A Monero Project maintainer who goes by the alias of Luigi announced on November 2 that the project’s community crowdfunding system (CCS) wallet was drained of 2,675.73 XMR on September 1.
The team behind Monero is trying to determine how the breach occurred but said it could be related to the ongoing wallet-draining attacks the community has seen since April.
The funds were drained during nine separate transactions that took place in as many minutes.
None of the project’s other wallets were affected, including the general fund, which is used to support the project’s development and occasionally contributing to key community initiatives like conferences or research.