30s Summary
Online betting site, MetaWin, was hacked on November 3, with about $4 million stolen. The funds have since been restored and security measures improved. Researcher ZackXBT traced the stolen money to exchanges Kucoin and HitBTC and found over 115 addresses linked to the hacker. This follows other recent crypto hacks including the loss of $58 million from Radiant Capital and a phishing scam targeting several platforms. Most recently, $13 million was stolen from the M2 exchange. The identity and motives behind the hackers remain unknown.
Full Article
The online betting site, MetaWin, fell victim to a hack on November 3rd. This cyber heist saw about $4 million cleaned out from the platform. But no worries folks! The CEO dropped in to reassure everyone that the funds were back in place after the attack.
The CEO, Skel, filled us in on how it happened. It seems the hacker managed to squeeze into MetaWin’s “hot wallets” through the site’s super smooth withdrawal system. This forced MetaWin to block all withdrawals for a while. Good news is, they have sorted it out for nearly all their users.
Meanwhile, an internet detective by the name of ZackXBT found that the stolen money was transferred to Kucoin and a HitBTC nested service. They also discovered over 115 addresses tied to the hacker. Who’s behind the hack and why they did it remains a mystery though. MetaWin has been asked for more details but hasn’t commented yet.
This MetaWin attack is just the latest in a series of hits on the crypto world. The lending app, Radiant Capital, lost $58 million mid-October after a hacker got hold of a bunch of private keys needed to make transactions. Once they had those, they took over Radiant smart contracts on the BNB Chain and the Arbitrum network and simply moved the cash into their own account.
Other apps suffered a slick phishing scam at the end of October. The hackers went after the Lottie Player animation library that a lot of websites use. With this, they were able to post phony links on the 1inch, TEN Finance websites and a few others. Users who tapped on these were taken to a page to connect their wallets. But instead, their funds got sucked out with the “Ace Drainer” phishing software.
More recently, $13 million was stolen from the M2 exchange. Just like the MetaWin hack, the cyber burglars tapped into M2’s hot wallets that could be accessed from anywhere if you’re tech-savvy enough.