Ethereum

2024

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Blockchain security platform Cyvers has detected several suspicious transactions from the crypto casino site Duelbits, indicating a security breach.&nbsp;
The <a href="https://etherscan.io/address/0x3933924faf011ae8d24e44bee450b3d78e46a666" target="_blank" rel="noopener noreferrer nofollow">suspicious address</a> received $4.6 million from Duelbits wallets on the Ethereum and BNB chains. <a href="https://cyvers.ai/" target="_blank" rel="noopener noreferrer nofollow">Cyvers</a> CEO <a href="https://www.linkedin.com/in/deddy-lavid-19b8151b/?originalSubdomain=il" target="_blank" rel="noopener noreferrer nofollow">Deddy Lavid</a> shared early insights from the company’s investigation exclusively with crypto.news.&nbsp;
The incident’s root cause seems to be loss of wallet access control. It usually means that the private keys or access credentials to the wallet have been exposed or stolen. The suspicious address converted various tokens into Ethereum. Hackers commonly use this <a href="https://crypto.news/hacker-manipulates-playdapp-minting-pla-plummets/" rel="noopener noreferrer nofollow">tactic</a> to consolidate assets into a more liquid and widely accepted cryptocurrency, making it easier to launder or hide the trail.
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 🚨ALERT🚨Our system has detected multiple suspicious transactions with <a href="https://twitter.com/Duelbits?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Duelbits</a> !! Suspicious address received $4.6M from <a href="https://twitter.com/Duelbits?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Duelbits</a> wallets on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> and <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> chains! Please contact us! More information will follow soon!<a href="https://twitter.com/hashtag/CyversAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CyversAlert</a> <a href="https://t.co/59ByDLjvrc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/59ByDLjvrc</a>— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) <a href="https://twitter.com/CyversAlerts/status/1757478985561206945?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 13, 2024</a>
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Additionally, assets on the BNB chain were bridged to Ethereum. This further indicates an attempt to move assets across platforms to obscure their origin. The hacker hurriedly swapped all BNB for BSC-USD without realizing the lack of gas fees to bridge the funds to <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>.&nbsp;
To resolve the lack of gas fees, the hacker used FixedFloat, a service allowing quick cryptocurrency exchanges, to acquire the necessary funds for the bridging transaction. Duelbits has yet to provide an update on this incident at the time of writing.&nbsp;
This is a developing story.&nbsp;
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Blockchain analysts detect $4.6m from Duelbits crypto heist

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