Ethereum

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Crypto casino platform MetaWin has become prey to a phishing attack, losing nearly $4 million in tokens, connected to hot wallets in Ethereum and Solana. This has raised concern over the security of hot wallets in the world of blockchain and decentralized finance (DeFi).According to MetaWin CEO, Richard Skelhorn, the hackers attacked the hot wallets via the &#39;frictionless&#39; withdrawal system, which prompted the platform to hold up its withdrawals. Blockchain sleuth <a href="https://www.chainabuse.com/report/094193aa-aba7-4af8-b7e6-84f0a6b608db" rel="noopener noreferrer nofollow">ZackXBT</a> tracked the funds to Kucoin and a HitBTC service. Further, it highlighted that nearly 115 addresses were attached to the exploit.As Skelhorn had covered some of the hacked amounts from his funds, he <a href="https://discord.com/channels/1015884443606593566/1016032257514950777/1302671702643314860" rel="noopener noreferrer nofollow">said</a>, “I just emptied my piggy bank. We&#39;re not gonna dwell on it. We keep building. We will make some internal adjustments to keep the players happy.” After the security breach, withdrawals were temporarily suspended for a while. However, at the time of writing, the CEO claimed that nearly 95% of the withdrawals were restored to the platform&#39;s customers.<a href="https://cryptotale.org/metawin-loses-4m-in-a-hack-eth-sol-hot-wallets-suffer/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MetaWin Loses $4M in a Hack: ETH & SOL Hot Wallets Suffer

CryptoTale

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