MetaWin CEO Says the Platform Has Been 'Topped Off' After $4M Exploit

Online casino platform MetaWin suffered an exploit on November 3, leaving the platform drained of approximately $4 million in funds, which the CEO says have been "topped off" since the attack.

Online casino platform MetaWin suffered an exploit on November 3, leaving the platform drained of approximately $4 million in funds, which the CEO says have been "topped off" since the attack.

According to MetaWin CEO Skel, the attacker hacked MetaWin's hot wallets via the platform's frictionless withdrawal system — prompting the platform to halt withdrawals. However, the CEO also said that withdrawals were restored for 95% of the platform's customers at the time of writing.

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

The most recent hacks and losses

Once the attacker obtained the 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.

Exploiting the Lottie animation library allowed the threat actors to display malicious phishing links featured as seemingly benign elements on the web pages of 1inch, TEN Finance, and others.

Unsuspecting users who clicked on the fraudulent links were directed to connect their wallets, which were then drained of funds using the infamous "Ace Drainer" phishing software.

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