Key Takeaways:
- Digital asset hacks and scams led to over $129 million in losses across the crypto industry in October, per CertiK.
- MetaWin’s online casino lost $4 million to a hot wallet exploit; withdrawals were paused but have resumed for 95% of users.
- Additional high-profile attacks include Radiant Capital’s $58 million hack and M2’s $13 million breach, underscoring vulnerabilities in connected wallet systems.
In October, digital asset scams and hacks cost the industry over $129 million, according to cybersecurity firm CertiK.
One of the recent victims, online casino MetaWin, lost $4 million on November 3 when a hacker exploited the platform’s withdrawal system.
METAWIN LOSES $4 MILLION IN HACK TARGETING ETHEREUM AND SOLANA HOT WALLETS
— Mario Nawfal’s Roundtable (@RoundtableSpace) November 3, 2024
Crypto casino Metawin was hacked, losing $4 million from its Ethereum and Solana hot wallets. The attacker exploited Metawin’s “frictionless withdrawal system,” according to CEO Richard Skelhorn.… pic.twitter.com/2BBJC1wWUt
MetaWin’s CEO Skel reported that affected balances were replenished, and withdrawals resumed for most users.
The hacker reportedly transferred stolen funds to Kucoin and a nested service on HitBTC.
Exploit on crypto casino Metawin @Meta_Winners reported by @zachxbt
— ANONYMOUS (@anonhunts) November 3, 2024
We ran the first wallet on his list through AnonMaps…
The Anon score was 0.76 out of 10.https://t.co/oCyngrcM9T pic.twitter.com/aOzASFoknF
Blockchain investigator ZackXBT linked over 115 addresses to the attacker but has not identified them.
This attack is one of several recent breaches in the crypto sector.
In mid-October, lending platform Radiant Capital lost $58 million due to compromised private keys.
On October 16, 2024, Radiant Capital experienced a highly sophisticated security breach that resulted in the loss of $50 million USD. The attackers exploited multiple developers' hardware wallets through a highly advanced malware injection.
— Radiant Capital (@RDNTCapital) October 18, 2024
The devices were compromised in such a…
A phishing attack also impacted the Lottie Player animation library, draining user wallets.
Additionally, crypto exchange M2 lost $13 million after its hot wallets were breached.
These incidents highlight persistent vulnerabilities in internet-connected wallet systems across the industry.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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