Post
Topic
Board Gambling
Re: Metawin got hacked, $4 million stolen
by
Davidvictorson
on 04/11/2024, 11:16:52 UTC
Do not panic. Everything is back to normal.

MetaWin CEO Skel said the gambling site was hacked. $4 million stolen. Onchain sleuth ZackXBT revealed that the attacker moved the stolen funds to Kucoin and a HitBTC nested service. He also identified more than 115 addresses associated with the malicious actor.

Quote
According to MetaWin CEO Skel, the attacker hacked MetaWin's hot wallets via the platform's frictionless withdrawal system — prompting the platform to halt withdrawals. However, the CEO also said that withdrawals were restored for 95% of the platform's customers at the time of writing.

https://cointelegraph.com/news/online-casino-metawin-hacked-4-million-zack-xbt

It is good that the gambling site has enabled back withdrawal. I hope all the stolen coins will also be recovered.
It seems they had anticipated this and ensure that before their customers could panic everything was back to normal. Very excellent.

It also looks to me that the attacker is a going to definitely get cause sooner than later because if they had already tracked down where the funds where moved to, it is only a matter of time before their location gets revealed for security agencies to swing into action.

Once again, any one who operates these type of businesses online should get an ethical hacker to try to break in. These are some of the ways to reveal any vulnerability in the system.