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Did XMR Drip After Wallet Exploit? (cryptodaily.co.uk) (cryptodaily.co.uk)

submitted 8 months ago* (last edited 7 months ago) by Saki@monero.town to c/monero@monero.town

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Somewhat curious, though not like using xmr speculatively.

2023-11-02T15:57 CCS Wallet Incident · Issue #916 · monero-project/meta · GitHub
2023-11-04T00:39 [Moonstone Research] Postmortem of Monero CCS Hack: A Transaction Graph Analysis (Dated Nov 03)
2023-11-05T07:20 [One of the earliest media reports] Monerujo Wallet User Drains Monero’s CCS Wallet: Report - Coin Edition

Some of the media reports are negatively confusing, like saying the Monero network is defective. Date-Time in UTC.

Edit: Moonstone Research -> 2023-11-04T00:39 was based on the server response headers (last-modified). Apparently the blog post was created about 1 hour earlier (the link was posted on Github at 2023-11-03 23:50).

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[-] shortwavesurfer@monero.town 1 points 8 months ago

Is it possible? Sure, but a $4 drop in terms of US dollars is nothing to write home about. Monero is actually incredibly stable for a crypto because it has real-world usage.

[-] Saki@monero.town 1 points 8 months ago

Yeah, personally 160+ feels rather good, even 150–160 is not so bad. Nevertheless 175-ish -> 165-ish can be a significant move, though it well may be just a random move too.

Not “worrying“ at all like investor people (who buy and re-sell without actually using it), but somewhat curious about the effects of not-so-accurate (irresponsible) media reports, or more generally: do people now trust Monero less because of this incident (which seems to be, ultimately, just a human error of one person and bad luck)?

That is a valid PR question to ask (so to speak), while talking about price movement is admittedly inelegant 😅 Asking an unpopular question without hesitating, that’s part of freedom I believe in!

[-] shortwavesurfer@monero.town 1 points 8 months ago* (last edited 8 months ago)

Did it go from $175 to $165? I saw it at $170 and then $166 which is a much smaller move. So far i havent seen a rise in distrust of Monero itself. So far its mostly been a sebody fucked up thing.