As the Monero (XMR) community faces challenges following the recent security breach, VC Spectra (SPCT) has emerged as a potential diversification play for crypto investors. As XMR continues to experience a bear market, VC Spectra offers a platform for the community to invest in upcoming projects.
summary
- Monero community wallet hacked, nearly $460,000 lost
- VC Spectra has a strategy to mitigate risk in cryptocurrency investments.
Monero Community Wallet Hacked
Recently, hackers stole approximately $460,000 worth of XMR from a Monero crowdfunding wallet.
The breach occurred in early September, but was made public via Github by developer Luigi on November 2nd.
The point of entry remains unknown, increasing anxiety in the community.
The recent Monero hack has serious consequences due to its key role in funding development, and research reports suggest that repeated attacks are exploiting a public wallet key vulnerability developed on Ubuntu systems.
The hack, which involved nine transactions, completely emptied wallets, forcing the Monero community to address the outage and tighten security measures.
Despite this setback, XMR has remained stable, up 10% since September. On Nov. 9, the coin was trading around $165, but technical indicators remain bearish.
As per predictions, XMR could hit $150 in November, with the coin hovering between $130 and $160.
VC Spectra pre-sales progress
VC Spectra is an investment platform that offers diversification opportunities, especially amid the expected decline of XMR.
It targets individual investors, family offices and institutional investors and facilitates investment in principle-aligned blockchain and technology ventures.
VC Spectra emphasizes transparency and allows for real-time tracking of investments. The decentralized system gives investors full control over their assets and allows for withdrawals without relying on intermediaries.
To manage the inherent risks of cryptocurrency investments, VC Spectra employs a multi-faceted risk management approach: Diversifying its investment portfolio across major altcoins mitigates the impact of adverse fluctuations in any asset class, enhanced by hedging.
VC Spectra leverages risk analysis tools and uses machine learning to analyze market data, identify trends and predict market changes. This data-driven approach combines thorough due diligence on potential investments, evaluation of technology, market potential and other key aspects.
In the ongoing fourth phase of the presale, SPCT is trading at $0.066, although analysts expect further expansion following the listing due to rising demand.
For this reason, some investors consider SPCT as part of a diversification strategy.
For more information on the VC Spectra pre-sale, please see here:
Pre-sale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
twitter: https://twitter.com/spectravcfund
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