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A security breach has resulted in the loss of 2,675.73 XMR from Monero's community crowdfunding wallet. The cause and source of the breach remain unidentified. A recent attack compromised Monero’s community crowdfunding wallet , wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. "The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach." Monero’s Community Crowdfunding System (CCS) funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in...

Crypto hackers have turned their attention towards the crypto user and “security hygiene” is more important than ever, according to Binance’s Jimmy Su. Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target crypto currency users with poor “security hygiene,” according to Binance’s chief security officer. Speaking to Cointelegraph, Binance CSO Jimmy Su said in recent years, hackers have shifted their gaze toward crypto end-users. Su noted when Binance first opened in July 2017, the team saw plenty of hacking attempts on its internal network. However, as crypto exchanges continued to beef up their security, the focus has shifted. Phishing scams are particularly prevalent in emails. They are used as a way to collect your sensitive information by impersonating someone you trust. Use the blog below to learn how to stay safe from them. https://t.co/UtKBvR52lX — Binance (@binance) July 4, 2023 “Hackers always choose the lowest bar to...

The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with just $4.5 million of funds recovered, total losses to exploits were over $204 million. The DeFi ecosystem is an ever-growing industry with billions of dollars in daily trading volume. Still, it remains niche to a small population in the crypto industry and out of reach for some. For a thorough overview of DeFi, check out the new report from Cointelegraph Research titled: “Investing in DeFi: A Comprehensive Guide.” The DeFi lending protocol Maple Finance has decided to offer direct loans to some borrowers instead of relying solely on pool delegates to provide capital to fill the void...

Twitch streamer and NFT project founder DNP3 admitted in a Twitter post that he gambled and lost investor funds. DNP3, a streamer and founder of several crypto projects like The charity-focused crypto CluCoin, The Goobers NFT and the metaverse platform Gridcraft Network has admitted to losing investor funds through gambling.  In a tweet, the nonfungible token (NFT) project founder talked about his gambling addiction and issued a public apology. I’m sorry. Read: https://t.co/RKM1wYggnC — DNP3 (@DNPthree) January 3, 2023 The Twitch streamer said that he got "incredibly addicted" to gambling in the last year. Eventually, the Twitch streamer claimed that he lost everything. He wrote:  “In addition to my own life savings, I also irresponsibly used investor funds to try and get my money back from the casino which was wrong for so many reasons.” The streamer added that he is now financially and spiritually broke. He also highlighted that his sense of trust in himself is compromi...