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Almost entire balance (2675 XMR) of Community Crowdfunding System (CCS) Monero wallet has been stolen (github.com)
submitted 10 months ago by Rucknium@monero.town to c/monero@monero.town
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Timeline of events

In the last Monero General Fund transparency report in March 2023, the General Fund held 8452 XMR. As far as we know, this separate wallet is safe and unaffected. It would be possible to pay people with active CCS proposal from the General Fund, but nothing has been decided.

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[-] tusker@monero.town 2 points 10 months ago* (last edited 10 months ago)

It may make sense to store CSS funds in another coin that is more multisig/offline singing friendly until we have an easy to use mutisig in monero. Then convert to XMR for payouts.

If crypto experts cannot keep funds safe then the average user has no hope.

[-] admin@monero.town 3 points 10 months ago

DAI multisig on Ethereum, would also solve the volatility problem. Additionally it would show just how much we believe in our own coin ._.

[-] z0rg0n@monero.town 3 points 10 months ago

What problems are there with Monero's multisig implementation?

[-] tusker@monero.town 3 points 10 months ago* (last edited 10 months ago)

Well, they were not using multisig on a team controlled wallet with 2.6k XMR, that tells you all you need to know about the multisig implementation.

this post was submitted on 02 Nov 2023
52 points (94.8% liked)

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