The post SOL And ETH Stolen! Metawin Crypto Casino Suffers $4 Million Hack appeared on BitcoinEthereumNews.com.

The latest crypto high-profile platform to be targeted by the bad guys is Metawin. According to reports, hackers broke into the withdrawal system of the crypto site and stole more than $4 million worth of digital assets. Metawin’s CEO has confirmed the security breach as the casino immediately stopped all its payment requests. One crypto user reported that the hacker has moved funds to the HitBTC nested service and KuCoin. The user also found out that there are approximately 115 crypto addresses connected with the hacking incident. Withdrawals are back online after the casino’s latest statement about the hacking incident, where 95% of its users currently access this service. A Series Of Costly Crypto Hacks This October The incident was reported on Telegram by on-chain investigator ZachXBT, who wrote, “It appears that the cryptocurrency casino Metawin was exploited for $4M+ on Ether and SOL earlier today.” 🚨 MetaWin Casino Loses $4M in Hack as Crypto Scams Surge Online casino @metawincom lost around $4 million in a hack on November 3, targeting its hot wallets through a flaw in its withdrawal system, according to CEO Skel. Withdrawals were halted but have since been restored… pic.twitter.com/KT28cS3UCs — VERITAS PROTOCOL (@veritas_web3) November 3, 2024 Metawin’s hacking is the latest in high-profile hacking and online thefts targeting the DeFI sector. October is one of the costliest months for cryptocurrency security breaches. The month saw 20 hacks, costing crypto firms around $88 million. These hacking incidents underscore the current security weaknesses of crypto sites, particularly those in DeFI. A screenshot of eight of the 115+ theft addresses linked to the hacker. Source: ZachXBT Based on industry tracking, Radiant Capital was the worst-hit crypto firm this October. Last October 17th, hackers exploited the weak points of the platform’s smart contracts, successfully stealing $53 million. The hackers…

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Filed under: News - @ November 4, 2024 3:24 pm