Duelbits Goes Offline Following $7 Million Hot Wallet Hack
- Duelbits confirmed a hack that drained approximately $7 million from its hot wallets.
- The attack involved funds being transferred from hot wallets on Ethereum, BNB Chain, and Tron to new addresses.
- The platform’s co-founder stated that user funds are safe and the site will remain offline during the investigation.
- Etherscan data revealed that over $5 million in various cryptocurrencies, including ETH and USDT, was sent to the attacker within minutes.
- This incident follows a similar private key compromise attack on Stake, resulting in a loss of $40 million earlier this year.
The breach highlights vulnerabilities in crypto platforms, particularly involving hot wallets, as seen with both Duelbits and Stake. The ongoing investigation aims to clarify the circumstances surrounding this significant loss.
Duelbits lost around $7 million due to a hack that compromised its hot wallets, prompting an immediate site shutdown for security measures.(Source)
