Post
Topic
Board Gambling
Re: Metawin got hacked, $4 million stolen
by
Potato Chips
on 04/11/2024, 23:58:46 UTC
Do we can play without being ask "KYC" or these KYC policy only for user are using custody wallet from METAWIN ?

Quote
1.4 - KYC Trigger:
These steps may be triggered if any player attempts to withdraw an amount exceeding $10,000.

Yeah, their web3 wallet is typically frictionless -- No questions asked/no human intervention. I remember the high rollers withdrawing 5-6 digits instantly. In addition, salon rouge (VIPs) members has much higher limits.

However, in light of this hack, I'm expecting they will bring some changes. To the best of my knowledge, metawin has always stored x3 or more of their users balances which I think they can lower down as hot wallets have always been prone to attacks + lower down maximum withdrawal as well.