Web3 casino payment provider hack grows larger with discovery of $37M
It has been reported that an additional $37 million has been discovered in the recent web3 casino payment provider hack. This news comes after the initial reports of a $100 million loss, bringing the total amount stolen to a staggering $137 million.
The hack, which occurred last week, has sent shockwaves through the online gambling industry and raised concerns about the security of web3 platforms. The payment provider in question has not yet been named, but it is believed to be a major player in the space.
Authorities are currently investigating the incident and are working to identify those responsible. It is unclear at this time whether any funds will be recovered.
We will continue to monitor this situation and provide updates as they become available. In the meantime, we urge all web3 users to remain vigilant and take appropriate precautions to safeguard their accounts and assets.
As reported by De.Fi, the web3 antivirus, Alphapo is a crucial conduit for processing payments for gambling services such as HypeDrop, Bovada, and Ignition. Following the breach, HypeDrop, one of Alphapo’s customers, had to turn off withdrawal services swiftly.
In a statement released on July 23, HypeDrop reassured its users that “if your payment has been affected, your funds are secure.” The company also stated that it is actively monitoring the situation and would provide updates as more information becomes available.
The attacked wallet, known as Alphapo.eth, had its funds converted into Ethereum (ETH) by the hackers. The funds were then routed through different channels, including Avalanche and Bitcoin. Evidence from the Etherscan transaction records points to a consistent outflow of funds from the Alphapo.eth wallet. Initial estimates put the value of the stolen tokens to be in the region of $31 million.
The attacker or attackers involved in the incident are reportedly associated with the addresses ‘0x6d2e8,’ ‘0x040a9,’ ‘TDoNAZ,’ and ‘TKSitn.’
The consensus among the cybersecurity community is that the investigation into the Alphapo incident is still ongoing.
Preliminary indications from De.Fi suggests that private key leakage could be a potential cause of the breach.
The exact amount of stolen Bitcoin remains unconfirmed outside of De.Fi and ZachXBT’s projections. However, over $60 million has been discovered as of press time.
