this post was submitted on 09 Nov 2023
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[–] Saki@monero.town 50 points 1 year ago (35 children)

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) 😕

[–] Kushia@lemmy.ml 26 points 1 year ago (4 children)

I used to be an old school supporter of cryptocurrency too, until that is when the scammers got their mitts into it and it went from a funny little technical hobby worth nothing to an overinflated shitfight that's robbed many people of their life savings.

Honestly, the entire cryptocurrency ecosystem is a parody of its former self and nothing the original inventors of it wanted it to become.

[–] Saki@monero.town 17 points 1 year ago (12 children)

Exactly, except not “the entire”, but “almost entire”?

Monero has been largely detached from CEXes, no companies, no middle men… Many users still have that idealism, a cypherpunk philosophy, that which Bitcoin tried to achieve originally. It’s community-based and crowd-funded… Some of that fund was stolen, so we’ve got to admit that the Monero community was not so smart after all… Yeah, a bit embarrassing tbh. To err is human, I guess.

For example, we do have a zero-fee donation site kuno.anne.media and recently help some girl buy a laptop or doing things like that. Some of Monero users are idealists by nature, maybe silly dreamers or naive philosophers, but definitely not greedy HODLERs. Weird people, either way, haha 😅

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[–] deafboy@lemmy.world 5 points 1 year ago (1 children)

The nice thing about the unregulated cryptocurrencies is that everyone loose exactly how much they deserve to loose. No more.

[–] nonfuinoncuro@lemm.ee 2 points 1 year ago (1 children)
[–] deafboy@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

There are words that I always spell out wrong unless I do a double check before posting.

However, I've heard somewhere, that this is not necessarily a mistake. Just a language evolving. So I'm not fixing it. /s

edit: Jesus, I did it twice. I wouldn't be so mad if it wasn't a post in which I try to act so smug.

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[–] HurlingDurling@lemm.ee 16 points 1 year ago* (last edited 1 year ago) (9 children)

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.

The blockchain analytics provider attributed the attack to the North Korean state-sponsored Lazarus Group, which it says has stolen more than $2 billion across several heists.

( ͡° ͜ʖ ͡°) Nailed it

[–] Saki@monero.town 7 points 1 year ago (1 children)

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 4 points 1 year ago* (last edited 1 year 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.

My subsequent confirmation came from reading the article, but I already had the same suspicions, however I will admit my error if it indeed turns out it wasn't North Korea (haven't been able to read the links you provided yet)

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[–] Kodemystic@lemmy.kodemystic.dev 14 points 1 year ago

NSA playing around with their new quantum toys maybe. Joking.

[–] qaz@lemmy.world 10 points 1 year ago

€418k

2675 XMR x €156,26 = €418109.

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