Duelbits Taken Offline After Hack Drains Approximately $7 Million

Duelbits, a cryptocurrency-powered online casino, has taken its platform offline after a hack drained approximately $7 million in funds from its hot wallets. The company said it is investigating the incident.

Duelbits Confirms Security Breach

A Duelbits founder known as Joe confirmed the attack on Thursday. The platform did not provide additional details about how the breach occurred or identify the party responsible.

Hot wallets are cryptocurrency wallets connected to the internet and are commonly used to process deposits, withdrawals and other platform transactions. Their online access also makes them a frequent target for attackers.

Platform Remains Offline

Duelbits said its services would remain unavailable while the investigation continues. The company has not disclosed whether customer accounts or personal data were affected, nor has it announced a timeline for restoring access.

Further details, including the assets involved and the steps being taken to secure the platform, are expected as the investigation progresses.