Online casino MetaWin hacked for 4 million dollars – ZackXBT

Online casino platform MetaWin suffered an exploit on Nov. 3, leaving the platform with nearly $4 million in cash flow after the attack, according to its CEO, who said it was “spiked” after the attack.

According to MetaWin CEO Scales, the attacker broke into MetaWin's hot wallets through the platform's contentious withdrawal system – prompting the platform to stop withdrawing. However, the CEO said withdrawals for 95% of the platform's customers have been refunded as of the time of writing.

Onchain sleuth ZackXBT revealed that the attacker transferred the stolen funds to Kucoin and the HitBTC nesting service. The detective also linked more than 115 addresses to the malicious actor.

At this time, the identity of the hacker and the motivation behind the exploit are currently unknown. Cointelegraph reached out to MetaWin for comment but had not received a response by the time of publication.

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The most recent hacks and losses

The MetaWin hack is the latest cyber security attack in the crypto world. On October 16, lending platform Radiant Capital was extorted for $58 million after a malicious actor obtained multiple private keys needed to sign transactions from Radiant's multi-signer wallet.

After the attacker obtained his private keys, they took control of Radiant smart contracts on the BNB Chain and the Arbitrum network – allowing the hacker to transfer the funds to themselves.

Several decentralized applications fell victim to a sophisticated phishing attack on October 30 that affected the popular Lottery player animation library used by several websites and technology companies.

Exploiting Lottery's animation library allowed threat actors to display malicious phishing links that looked good on 1inch, TEN Finance and other websites.

Unsuspecting users who clicked on the scam links were instructed to link their wallets, whereupon they drained their funds using the popular “Ace Drainer” phishing software.

Recently, the M2 exchange was hacked for 13 million dollars. Like the recent Metawin exploit, the M2 exchange has been hacked by the exchange's hot wallets – which can be accessed remotely by anyone with an internet connection and enough technical knowledge.

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