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....
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.
Seems like a good time to start using a multi-signature wallet going forward.
The developer who got arrested, that should have tainted any keys they were holding, you don't know who had access to the devices while in police custody
This is a very expensive learning opportunity.
It is interesting that it took nine transactions to empty the CCS wallet. Is that indicative of somebody new to monero?
It is interesting that it took nine transactions to empty the CCS wallet. Is that indicative of somebody new to monero?
No.
A donation wallet has lots of individual transaction outputs that need to be consolidated if you move the entire balance. A transaction that has a lot of inputs that consolidates these transactions will be large in kilobytes. Unless network transaction volume is high enough to push up the dynamic block size rules, the maximum block size is about 300 kilobytes. Transactions must fit inside a single block, so there is a limit to the number of inputs in a single transaction. Plus, you don't want to create a transaction the full 300 kilobytes in size since miners' block creation rules might not mine a transaction that large. The first theft transaction in the list was about 22 kilobytes with 33 inputs:
It is interesting that it took nine transactions to empty the CCS wallet. Is that indicative of somebody new to monero?
Not sure but perhaps they weren’t able to send it in one go for technical reasons (like byte size limit), as inputs would have been too many (a lot of relatively small coins, originally received from many supporters)?