Monero (XMR) wallet gets exploited. Meanwhile, VC Spectra (SPCT) is attracting investor attention.
How did the hack affect XMR price? And how is VC Spectra (SPCT) capturing investor interest? Let’s find out!
Summary
- Monero (XMR) could reach $300.78 in 2024 despite a security breach.
- VC Spectra (SPCT) captivates investors with unique features and mouth-watering profits.
Hacker Steals $384,000 Worth Of Tokens From Monero (XMR) Wallet
On November 5, 2023, Monero (XMR) revealed that its community crowdfunding system (CCS) wallet was hacked on September 1.
According to an X post by Wu Blockchain, the hacker took 2,675.73 XMR worth $384,000 at the time, which was all the tokens in the wallet. Also, the method used by the hacker is yet to be discovered.
The Monero team announced that the community crowdfunding system CCS Wallet was attacked on September 1, 2023, and the entire balance of 2,675.73 XMR (approximately $384,000) was stolen. So far, the source of the vulnerability cannot be determined. SlowMist believes that it…
— Wu Blockchain (@WuBlockchain) November 5, 2023
The attacker reportedly completed the heist in nine transactions. Efforts to trace the transactions have revealed a few clues. Considering Monero’s (XMR) history of concealing transaction details, this is unexpected.
However, blockchain security experts SlowMist said the loophole was not in Monero’s (XMR) privacy setup but another part of the system.
The exploit and the quest to trace it have alarmed Monero (XMR) users. The security breach means Monero (XMR) is not completely protected from criminals. On the other hand, the possibility of tracing some of the transactions means transactions can still be traced on the blockchain if the searcher wants it enough.
Since the revelation, XMR price has fallen by 2.2% from $168.39 to $164.71. However, the slump was caused by a general price correction in the market after a rally that lasted about a month.
Analysts predict XMR price might reach $300.78 in 2024. This will happen if the expected 2024 bull market occurs.
Therefore, if you want to buy Monero, analysts say it might be a good crypto to buy.
VC Spectra (SPCT) Is Changing The Face Of Blockchain Investment
VC Spectra (SPCT) is a decentralized hedge fund that provides investors with a secure, transparent, and profitable investment experience. The protocol aims to democratize access to the blockchain investment space.
Through VC Spectra (SPCT), everyone can invest in early-stage blockchain startups, promising web3 ventures, and unique crypto niches. They can also stake and lend their crypto assets and trade arbitrage.
VC Spectra (SPCT) will be the investment vehicle and adviser. The protocol is the investment medium because you invest by purchasing SPCT. Your SPCT holding represents a share of the companies and trades VC Spectra is invested in.
As an adviser, VC Spectra (SPCT) leverages artificial intelligence to predict and identify trading patterns. The protocol then advises on the trading strategy and investment approach to use.
These offerings attracted VC Spectra’s (SPCT) first investors and helped the platform raise $2.4 million at its seed sale.
The public presale followed the seed sale. The price of SPCT at the beginning of the public presale was $0.008. As of Stage 4, the price has pumped 725% to $0.066. This pump is a result of the massive demand experienced during the presale. The initial surges attracted more investors, and the cycle continued.
VC Spectra (SPCT) is set for more surges before the presale ends. The token will likely increase by more than 10x during the presale. To participate, you need to purchase SPCT from the VC Spectra website.
Benefits of owning SPCT include quarterly dividends and buybacks, access to exclusive new ICOs, and voting rights.
Considering all the above, it is now clear why VC Spectra (SPCT) is analysts’ best cryptocurrency to buy.
To learn more about VC Spectra (SPCT), visit:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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