MetaWin Crypto Casino Hacked, $4 Million Stolen
Key Points:
Read more: Binance Founder CZ Will Continue With His Own New Project After Prison
In the report provided by blockchain analyst ZachXBT, the stolen funds were traced back to over 115 addresses of the hacker, followed by successive transfers onto nested services on crypto exchanges Kucoin and HitBTC.
MetaWin CEO Richard Skelhorn confirmed the attack, citing that the attacker manipulated the platform’s “frictionless withdrawal system.” The vulnerability let the unauthorized access of MetaWin’s hot wallets, prompting them to immediately halt withdrawals.
At the time of his announcement, Skelhorn said 95% of all withdrawal services had been restored, minimizing an immediate impact to the end-users. To this date, there is no information about who the hacker is and what his motives might have been.
This latest attack on the MetaWin crypto casino marks the most recent wave of high-profile cyber incidents in the DeFi space. On October 16, lending platform Radiant Capital was hit with a major exploit in which hackers stole approximately $58 million. In that particular situation, hackers manipulated Radiant’s smart contracts on the BNB Chain and Arbitrum network by accessing it through private keys obtained from its multi-signature wallet.
In a phishing attack on October 30, several decentralized applications were compromised by exploiting the Lottie Player animation library, which is very widely used across many different websites and tech companies.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Discover the best altcoins to buy now: Qubetics soars with a weekly 10% rise, Polygon…
As Bitcoin climbs to new record highs, investors are eyeing affordable altcoins with the potential…
An investor who netted $165 million from Ethereum is making headlines again with a bold…
With the cryptocurrency market reaching unprecedented levels, investors are keenly searching for altcoins that promise…
Take a look at the impact of BlockDAG’s KKAK-256 algorithm on security and how its…
Learn how an early Solana investment led a Miami artist to $5.2M in 2021. Explore…
This website uses cookies.
