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Hot wallet hackers attack Crypto casino and steal $41 million

Online cryptocurrency casino revealed that over $41 million in bitcoin was allegedly stolen after its ETH/BSC hot wallets were compromised to carry out unauthorised transactions. hackers $41 Million

Users were instantly reassured by the platform that their money was secure, and any other wallets containing BTC, LTC, XRP, EOS, and TRX that were not specifically targeted by the hack continued to function normally.

Several users stated on X that they were impacted by the circumstance and were unable to deposit or withdraw on during that said today that its services have been restored and that users can once more deposit and withdraw funds in all currencies.

Following the money trail, blockchain detectives PeckShield and ZachXBT discovered that the hackers had stolen $15,700,000 in Ethereum and an additional $25,600,000 in Binance Smart Chain (BSC) and Polygon.This makes the total money lost in the hack to date $41,300,000, making it one of the most lucrative cryptocurrency heists of 2023.

Even while there is currently no proof pointing in that direction and it is still too early for investigators to come to any firm conclusions, the amount taken from the Curacao-based betting platform is substantial enough to raise suspicions about state-sponsored threat actors.

In July 2023, GitHub issued a warning that Lazarus was setting up phoney accounts on the platform for hosting code in order to attack (among other people) employees of online gambling companies with malware and social engineering.

Lazarus, a notorious North Korean threat organisation recognised for its expertise in carrying off sizable crypto-heists, has had a very productive year.

Read Also: Join the Crypto Experience program: Become a Brand Ambassador

The threat group members were suspected of stealing $35.3 million from CoinsPaid in July, $60 million from Alphapo in July, and $35 million from Atomic Wallet in June.

The North Korean hacker squad was preparing to cash in $41 million worth of stolen bitcoin late last month, according to an FBI warning, which was based on the law enforcement agency’s observation of several signals of money laundering and preparation for money movement. hasn’t provided any additional information regarding what went wrong with their security procedures that led to the hack of their hot wallets, which normally happens when the private key is released or otherwise stolen.According to Ed Craven, co-founder of the platform, just a small part of its digital currency holdings are stored in hot wallets because of the risks involved. hackers $41 Million

Jeremiah Maangi

A trusted igaming leader & author for articles bringing positive change in the African gambling industry. African gambling domains broker. Intelligent knowledge of customer acquisition and retention strategies. Available for new & existing gambling operations consulting and marketing services in Africa. Crypto enthusiast.

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