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To remember: in the early hours of this morning there was a huge purchase/transfer of monero that increased the price +30% (highly unusual) and a few hours late
by nunobrito 1y ago
To remember: in the early hours of this morning there was a huge purchase/transfer of monero that increased the price +30% (highly unusual) and a few hours later before lunch time we see Iberia disconnected from the grid.
Monero is the favorite payment coin when ordering real cyber attacks.
- stavros 1y agoHow do we know there was a huge purchase? Monero can't be tracked.
- nunobrito 1y agoBecause to buy that much monero so fast is only possible with bitcoin, which is traceable by governments and interested parties. An estimated 305 million USD of monero were purchased this morning before the grid shutdown. That was a +50% increase on the monero price, something that never happened before in the last 11 years of the coin. Quite a record. Quite a coincidence.
- refulgentis 1y agoHow do we know there was a huge purchase? Monero can't be tracked.
- sva_ 1y ago... You can see trading volume on the markets though, if it was bought with something like BTC https://coinmarketcap.com/currencies/monero/ https://coinmarketcap.com/currencies/monero/
- refulgentis 1y agoThank you!
- ivape 1y agoHow do you think this has to do with Spain though?
- nunobrito 1y agoRelated talk in Berlin 5 months ago detailing how to shutdown energy grids using only radio waves: https://media.ccc.de/v/38c3-blinkencity-radio-controlling-street-lamps-and-power-plants https://media.ccc.de/v/38c3-blinkencity-radio-controlling-st...
- pantalaimon 1y agoNot really relevant, but the talk was in Hamburg
- Eduard 1y agoyes really relevant/related, as that talk also mentions that a sub-1 Hz variation of the nominal 50 Hz is already enough to cause blackouts - which is also the case for the current blackout: https://x.com/Nexuist/status/191687508022891747 https://x.com/Nexuist/status/191687508022891747 the talk discusses further aspects of the European energy grid which are relevant for the current situation.
- nunobrito 1y agoPrecisely, the similarity is awfully coincident.
- nunobrito 1y agoThank you for the correction.
- nicoboo 1y agoI remember the talk and thought about it when I saw the news. No conspiracy or whatever, just thinking about the complex system which is also vulnerable for some parts.
- vfclists 1y ago> The used radio protocols Versacom and Semagyr, which carry time and control signals, are partially proprietary but completely unencrypted and unauthenticated, leaving the door open for abuse. You don't think the omission of encryption and lack of authentication imply a criminal absence of due diligence. I guess some huge contracts are in the offing fix those necessary features which should have been built-n in the first instance.
- nerder92 1y agoA quick Google seems to point into another direction: https://crypto.news/moneros-50-price-pump-likely-tied-to-330m-theft-from-og-bitcoiner-zachxbt-says/ https://crypto.news/moneros-50-price-pump-likely-tied-to-330...
- WinstonSmith84 1y agoyes (of course) .. It's fascinating how always people love to jump to conspiration theories .. If it were a cyberattack (and so far it isn't proven at all), it would be nothing less than a state sponsored cyber attack to be able to get down the electrical grid from 2 EU countries - and obviously no "reward" such as crypto would be involved behind the scene
- nunobrito 1y agoPlease refrain to call it a conspiracy when it is a valid hypothesis with valid facts. It is common to use Monero as reward for specific groups performing cyberattacks. Please inform yourself on the topics and reflect afterwards on what was written.
- nunobrito 1y agoPlease read carefully what you linked. It claims theft without a victim being identified. There is no victim and there is zero evidence of being stolen coins.