Duelbits Crypto Hack Exposes $7M Breach in Hot Wallet Security

A popular online betting platform for crypto users has gone dark after attackers siphoned millions of dollars from its wallets, reviving old questions about how well crypto casinos actually protect the money that flows through them. The Duelbits crypto hack, confirmed by the platform itself, drained roughly $7 million from hot wallets spread across four different blockchains, forcing the site offline while its team works out exactly what went wrong.

Key takeaways

• Duelbits confirmed a roughly $7 million hack and took its platform offline as a precaution.
• Hot wallets on Ethereum, BNB Chain, Tron and Bitcoin were compromised in what security researchers believe was a private key breach.
• About 2,234 ETH, worth close to $6 million, has been consolidated into a single address and has not moved since.
• Co-founder Joe said user funds are safe and that the site will stay down until wallets are refilled and the probe wraps up.
• Blockchain security firm Scam Sniffer was the first to flag unusual outflows from Duelbits’ wallets.

Duelbits Crypto Casino Suffers $7 Million Hot Wallet Hack

Duelbits lost close to $7 million after attackers cleared out its hot wallets on Thursday, a breach that pushed the crypto gambling site to shut down operations entirely. The company confirmed the incident directly, rather than letting the news trickle out through blockchain trackers alone.