I’m just making a wild guess, but it was probably the North Korean Cyberattack Force. They have been behind some of the largest crypto heists before in order to get clams in the goverments coffers
Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach
Submitted 1 year ago by throws_lemy@lemmy.nz to technology@lemmy.world
https://www.theregister.com/2023/11/08/monero_project_developers_announce_breach/
Comments
HurlingDurling@lemm.ee 1 year ago
Saki@monero.town 11 months ago
The linked article is inaccurate and misleading. Your wild guess is based on that.
Currently the best blockchain analytics publicly available about the incident is this by Moonstone, and even though it seems that the victim shared the secret key with them, nothing much is known due to the nature of the privacy coin. No way other analytics providers could tell more.
Check the original source and some of the comments there before making an irresponsible accusation like the attackers must be North Korean (or Russian, Muslim, Romany, …). A knee-jerk suggestion like that does not only promote unfair racism/stereotypes, but it helps cover up the real mastermind. Although, it’s not your fault that the article is misleading, and we can’t rule out any possibility including what you suggested. The real problem here is this confusing, poorly-written article…
HurlingDurling@lemm.ee 11 months ago
Actually I based my wild guess at reporting that NPR did a couple of years back regarding different thefts of crypto and that the intelligence community determined it was a hacker group in North Korea that was supported and funded by their own government as a way to get around the sanctions.
sugartits@lemmy.world 1 year ago
Do you realise that the “real money” you’re referring to isn’t really even “money” anymore and a select few people in the world are able to generate unfathomable amounts by just typing a number into a computer and pressing enter?
You have to work for the “real money”, they don’t.
kadu@lemmy.world 11 months ago
sir I just asked if you wanted medium or large fries with that order
wildginger@lemmy.myserv.one 11 months ago
Ma’am this is a wendys
Nobsi@feddit.de 11 months ago
What are your on about Morty? Here, take these pills i made. They’ll make your smart.
Kodemystic@lemmy.kodemystic.dev 11 months ago
NSA playing around with their new quantum toys maybe. Joking.
qaz@lemmy.world 1 year ago
€418k
2675 XMR x €156,26 = €418109.
FlyingSquid@lemmy.world 1 year ago
Someone had imaginary money on a computer and someone else stole the imaginary money and that’s bad because the imaginary money has value in real money and I hate this timeline.
jarfil@lemmy.world 1 year ago
Someone had real gold in their coffer full of gold coins, then someone convinced them that credit written down as a number on some slips of paper had the same value, that they could trust the bank’s computers with keeping track of the total value, and everyone clapped.
FlyingSquid@lemmy.world 1 year ago
Banks are usually backed by federal governments, which can control trade. I’d say that’s a huge difference. Money deposited in banks is also often the product of skill or labor. It takes neither to generate crypto. I feel sorry for whoever lost their money, but right now, this is a get-rich-quick scheme for most people involved in it.
fosforus@sopuli.xyz 11 months ago
Well, it’s Monero. It has clear value in buying drugs safely.
Fades@lemmy.world 11 months ago
Braindead comment
autotldr@lemmings.world [bot] 1 year ago
This is the best summary I could come up with:
The project’s maintainers have “taken additional precautions” to secure the other wallets associated with Monero, such as enabling multisig so more than one individual is required to sign off on any given transaction.
In response to the attack, Atomic Wallet contacted victims to gather information about their setups in an attempt to determine the source of the breach, but has not yet publicized its findings.
In October, Atomic Wallet revealed it was able to work with leading cryptocurrency exchanges to freeze $2 million in stolen funds related to the earlier incident.
Tracking the wallet-draining attacks, Taylor Monahan, lead product manager/owner at cryptocurrency wallet software company MetaMask, said the profile of victims “is the most striking thing” and they’re all “reasonably secure” and reputable organizations.
There is a wide diversity of cryptocurrencies and blockchains that have been successfully targeted, including Bitcoin, Monero, and Ethereum, and wallets with seed lengths of 12 and 24 words have both been breached.
LastPass CEO Karim Toubba told The Register that there is no current evidence linking the company’s breach to the ongoing wallet-draining attacks.
The original article contains 863 words, the summary contains 179 words. Saved 79%. I’m a bot and I’m open source!
Saki@monero.town 1 year ago
The linked article (and so AutoTL;DR) is not very accurate. If you’re interested in this incident, read the original post, which is short and compact. General media articles are only quoting or re-quoting this thread, typically with some misunderstanding.
Specifically (about this post): Among other things, multisig is only suggested; nothing has been decided yet.
Generally (in many similar articles): Probably a specific local machine was hacked, though no one really knows yet what happened. It’s unlikely that the Monero network itself was hacked.
Since I’m a Monero supporter, obviously I tend to say good things about it, but frankly, the ironical fact here is, Monero is so privacy-focused that when something like this happens, it’s difficult to identify the attacker—i.e. by design Monero also protects the identity of the attacker. Some Monero users are having this weird, paradoxical feeling: it would be nice if we could catch this evil attacker, but being able to catch the attacker would be in a way very bad news for Monero (if you know what I mean) 😕
kartonrealista@lemmy.world 1 year ago
You have to be quite stupid to support crypto in 2023, after Luna, Ftx, NFTs, all the rugpulls and explicit pump and dumps, you morons just keep coming back for more. That last paragraph is pure comedy gold - you’re so close to self-awareness it hilarious.
virtualbriefcase@lemm.ee 1 year ago
If you’re going to use Luna, FTX, and NFTs as arguments about something like Monero, and I don’t want this to sound to mean (hard to convey tone through text), but you probably don’t really understand any of them.
I have been both a long time supporter of crypto and the ideas behind it, and I was quick to make fun of the NFTs and have always warned against both keeping large sums money in exchanges and warning against trusting stable coins. I certainly can’t garuntee crypto’s future, but your argument sounds a lot like somebody saying “a trading card site and two unlicensed online banks went broke so you’re stupid for buying Cisco stock” right after the dot com crash.
I reccomend looking into it just a bit more. Even if it’s just to be a better anti-crypto advocate.
Infiltrated_ad8271@kbin.social 1 year ago
In the first sentence reiterated insults, in the second just saying it's a scam, and in the third repeating that it's a scam and (absurdly) denying there's a use case.
I'm not even going to read anymore, I'm interested in the arguments against crypto, but to see an asshole ranting bullshit.
Saki@monero.town 1 year ago
I do agree most cryptocurrencies are scammy, or traded speculatively. It’s a free country, so one can do whatever they want to with their own money, but I personally think they’re like greedy gamblers.
I’m a Monero user, not a trader, not an investor. I have Monero because I use it. I support it because I’m a privacy advocate. I’ve never even once used a CEX, totally unrelated to investment. Your points may be valid for those investor people, though.
n00b001@lemmy.world 1 year ago
You’re partially correct with some of these points.
Theatge amount of energy you mention is really only relevant to proof of work. You’ve mentioned proof of stake etc - so you should know that. The energy requirements for “proof” techniques such as PoS is negligible
Reversing transactions are ‘hard’/infesable - and so in a way they do help scammers - but I think it’s a false equivalence. It helps everyone. In my mind it’s like says “encryption helps terrorists”, that may be true, but it helps us all.
Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero). There’s also ways to anonymise transactions through mixers etc if you do care about that. Although, I don’t know of anyone that gets their salary into their crypto wallet.
Overall, regulation is slow! But it’s getting there. I don’t think crpyto will solve all of.humans problems, but I might just help with some. It’s going to be interesting seeing how it all plays out - people thought it was going to be here and gone in a year, but it’s been over a decade now.
brambledog@lemmy.today 1 year ago
As you yourself out it, the issue with monero is that it is designed to protect attackers.
Saki@monero.town 1 year ago
I think I know what you’re trying to say, and that’s actually a difficult point. Privacy is double-edged.
By that logic, you’d have to support chat control, e2e backdoor, eIDAS 45, etc. and ban Tor, Tails, VPN, BitTorrent, or encrypted communication in general because sometimes criminals can (and do) abuse such technology too. While such logic is understandable, I’m a privacy advocate and can’t agree with that. Most libre people, EFF, FSF, etc. have been fighting against that very logic for more than 20 years. I’m one of them.
zergtoshi@lemmy.world 1 year ago
It’s designed to protect anyone using it - even attackers.
That’s the price to pay for having privacy.
The alternative is an Orwellian dystopia.