Overview
- Duelbits confirmed late Thursday that attackers drained roughly $7 million from its hot wallets and took the platform offline while it investigates the incident.
- On‑chain records show an address labeled as a Duelbits hot wallet sent large amounts of tokens and 836 ETH to attacker addresses, and most stolen assets were swapped to about 2,234 ETH that now sit in a single new Ethereum address.
- Blockchain tracker Scam Sniffer and Etherscan data point to a suspected private‑key compromise that allowed rapid cross‑chain outflows from Ethereum, BNB Chain, Tron and a later reported bitcoin loss of 8.1 BTC.
- Duelbits says user reserves are kept in cold storage, that customer funds are safe, and that it will only restore service after completing its investigation and refilling operational hot wallets.
- The case echoes a 2023 casino hack and highlights the tradeoff between online hot wallets for fast withdrawals and the increased theft risk they pose, so the industry will watch whether investigators can trace or recover the consolidated ETH or identify the attacker.