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

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…

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