The cyberattack hit on Nov. 3, exploiting MetaWin’s “frictionless” withdrawal system.
Cybersecurity investigator ZackXBT, a well-known online “detective,” tracked the hacker’s moves. He discovered that after the attack, the thief transferred the stolen funds to exchanges KuCoin and HitBTC. This is using over 115 addresses to cover their tracks. While the hacker’s identity and motives are still a mystery. Experts are keeping a close watch on these funds, hoping to bring the culprit to light.
$4m hack for a centralized casino!
metawin is not a true onchain casino. it just uses crypto as a payment method
it still operates like a bank:
– takes custody of your assets
– gives you in-game credit
– grants permission for withdrawalsto prevent such hacks, gamblers must… https://t.co/dNLrbgjYSH pic.twitter.com/FrX3exz8zN
— madame/acc (@madame1829) November 3, 2024
In October alone, online scams and crypto thefts like this one led to a whopping $129 million in losses. According to cybersecurity firm CertiK , bad actors are finding new ways to target digital platforms, putting customers’ funds at risk. MetaWin, however, says it’s “topped off” its funds to ensure the business is back to normal.
More About Crypto Hacks
🚨 LATEST: Crypto losses to hacks and scams have surpassed $1.34 billion year-to-date in 2024 – Immunefi pic.twitter.com/0fI0MzV2OB
— SolanaFloor (@SolanaFloor) October 31, 2024
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