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METAWIN LOSES $4 MILLION IN HACK TARGETING ETHEREUM AND SOLANA HOT WALLETS Crypto casino Metawin was hacked, losing $4 million from its Ethereum and Solana hot wallets. The attacker exploited Metawin’s “frictionless withdrawal system,” according to CEO Richard Skelhorn. ZachXBT, a blockchain analyst, tracked 115 addresses linked to the exploit, with stolen funds routed to KuCoin and HitBTC. Skelhorn stated that Metawin has replenished the lost funds, resumed withdrawals, and contacted authorities. In a message on Discord, he assured users, “We’re not gonna dwell on it,” noting he personally covered the hack. Source: The Block & Mario Nawfal
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PEANUT MEMECOIN RALLIES TO $120 MILLION MARKET CAP AFTER SQUIRREL’S EUTHANIZATION SPARKS OUTRAGE The PNUT memecoin surged to a $120 million market cap following widespread outrage over the euthanization of Peanut, a squirrel belonging to New York-based animal caretaker Mark Longo. The Solana-based token, launched on November 1, quickly gained traction on social media and ranks among the top Solana coins on the Radium DEX. Longo criticized the New York Department of Environmental Conservation for seizing and euthanizing Peanut and a raccoon, calling the state’s decision “heavy-handed.” Supporters rallied, driving the coin’s rapid rise and pushing it closer to competing with other animal-themed memecoins like Thailand’s Moo Deng. Source: DL News
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OCTOBER’S CRYPTO HACKS, EXIT SCAMS LEAD TO $129M IN LOSSES In October 2024, losses from crypto security breaches reached $129.6 million, largely due to hacks and exit scams. According to CertiK, the top incidents were the $50 million hack of Radiant Capital and a $36 million phishing exploit targeting a whale. Radiant Capital paused its services after hackers accessed core developers’ devices through malware. Crypto exchange M2 also suffered a $13.7 million hack, impacting its BTC, ETH, and SOL assets. This month’s losses marked a slight 2.91% rise from September but were notably down from May’s peak. CertiK highlighted October’s increase as part of ongoing risks in the sector. Source: Cointelegraph & Mario Nawfal
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