Online casino MetaWin experienced a significant security breach, resulting in a loss of approximately $4 million. The hack exploited a frictionless withdrawal feature, prompting MetaWin to suspend all withdrawals temporarily. CEO Skel stated that the platform has since reinstated access for 95% of users.
Blockchain investigator ZackXBT traced the stolen funds to cryptocurrency exchanges Kucoin and HitBTC, identifying over 115 addresses associated with the hacker. This incident highlights ongoing cybersecurity challenges faced by online gambling platforms in the crypto space.
MetaWin’s experience underscores the necessity for enhanced security measures in the rapidly evolving online gambling sector. The breach serves as a reminder of the vulnerabilities inherent in digital financial transactions and the importance of robust protective protocols.
