The post Crypto casino Metawin gets hacked, over $4 million stolen in SOL and ETH appeared on BitcoinEthereumNews.com.

Metawin, a crypto casino, got hit hard today. Hackers exploited it for more than $4 million in Ethereum (ETH) and Solana (SOL). On-chain sleuth ZachXBT flagged the incident on Telegram, saying, “Looks like the crypto casino Metawin was exploited for $4M+ on Ether and SOL earlier today.” He traced over 115 addresses linked to the attacker, who then moved the stolen funds to KuCoin and a nested service on HitBTC. This latest hack adds to a string of high-profile thefts that have plagued the DeFi sector, making October one of the bloodiest months for crypto security breaches. The month saw 20 reported crypto attacks, causing a combined loss of around $88.47 million. This flood of exploits highlights ongoing vulnerabilities in the decentralized finance (DeFi) space, where hackers seem to outmaneuver security upgrades at every turn. October’s biggest hacks Radiant Capital experienced October’s worst single hack. On October 17, attackers exploited weak points in Radiant’s smart contracts, swiping $53 million. Using cross-chain protocols, hackers bridged the stolen assets to Ethereum, making the theft difficult to trace. Radiant’s massive breach added fuel to concerns over DeFi’s cross-chain vulnerabilities. Then there was a wallet linked to the U.S. government, which saw an unusual incident. Hackers compromised the wallet, snatching about $20 million. Strangely, most of the funds were returned, though around $700,000 remains missing. It’s not every day that a government-controlled wallet gets hacked, adding a bizarre twist to October’s crime spree. EigenLayer, a liquid staking network, faced its own mess earlier in the month. On October 4, attackers looted $5.7 million, which was quickly laundered through exchanges like HitBTC and Bybit. This breach underscored the persistent weaknesses in staking and liquidity protocols. The Tapioca Foundation, another DeFi platform, suffered a major loss. Hackers targeted its token vesting contract using social engineering tactics,…

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Filed under: News - @ November 3, 2024 7:19 pm