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Metawin Crypto Casino Loses $4M in Hot Wallet Hack, Funds Replenished

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By on November 4, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Metawin Crypto Casino Loses $4M in Hot Wallet Hack, Funds Replenished appeared first on Coinpedia Fintech News

Metawin, a crypto casino, lost approximately $4 million after hackers exploited its Ethereum and Solana hot wallets via the withdrawal system. CEO Richard Skelhorn confirmed the breach, noting the funds have been replenished, and authorities have been contacted. Blockchain investigator ZachXBT linked over 115 addresses to the hack, with stolen funds reportedly transferred to Kucoin and HitBTC services. Skelhorn assured players of resumed withdrawals, saying, “It’s in the hands of the feds now,” and stated he covered the loss, vowing continued improvements to secure user assets.

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