This Week in Crypto: Metawin Platform Hacked, $4 Million Stolen; Wiz Khalifa's X Account Compromised for Fake Token Scam

This week has seen major cyber events targeting Metawin, a cryptocurrency gambling application and American rapper Wiz Khalifa's Twitter account.

Major cyber events hit the headlines this week with cryptocurrency gambling application Metawin, and American rapper Wiz Khalifa’s Twitter account being targeted in separate attacks. These hacks have resulted in millions of dollars in losses, highlighting the ongoing instability within the crypto and digital asset market.

1. Metawin Platform Hacked: $4 Million Stolen

On November 4, 2024, on-chain investigator ZachXBT revealed that a gambling platform of cryptocurrency Metawin was hit by a large-scale cyberattack. The attackers managed to siphon over $4 million from the platform in both Ethereum and Solana.

However, it remains unclear how the attack was carried out and how the cybercriminals managed to gain a foothold on the platform and make away with so much crypto.

This attack raises concerns for decentralized finance (DeFi) and play-to-earn-style games, demonstrating the need for enhanced security measures by any platform that holds millions in crypto.

Metawin has not yet provided an official update on how they are handling the situation or what measures will be taken to prevent such incidents from recurring.

2. Wiz Khalifa’s X Account Compromised for Fake Token Scam

In another development on the same day (November 4, 2024), a separate X account, this time belonging to renowned American rapper Wiz Khalifa, was hacked, as revealed by ZachXBT.

The attackers proceeded to post fabricated press releases in an attempt to mislead the public about the existence of a fake cryptocurrency called the WIZ token. They urged people to follow the token, which they not only invested in but were also left vulnerable to scams or phishing.

This hack was reportedly carried out by the same individual who hacked the X account of Truth Terminal founder Andy Ayrey. In this case, the hacker’s motive was to capitalize on the influence of major celebrities to deceive their unsuspecting followers.

People are advised to remain vigilant and be on the lookout for any crypto promotions on social media, especially those that impersonate high-profile figures.

Conclusion

The Metawin and Wiz Khalifa cyber incidents both highlight a critical vulnerability in the crypto assets and personalities’ social media. As threats continue to evolve in sophistication, platforms and individuals are encouraged to bolster their security protocols and be on high alert for potential threats.

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