Initial Findings
In a recent development that has rattled the crypto gambling world, Cyvers, a blockchain security firm, has reported anomalous activity involving the crypto casino site Duelbits. An estimated $4.6 million is believed to have been illicitly transferred from Duelbits’ wallets, raising alarms on both the Ethereum and BNB chains.
Investigation Insights
The CEO of Cyvers, Deddy Lavid, has provided an exclusive scoop to crypto.news on their ongoing investigation. The primary suspicion falls on a breach of wallet security, likely through compromised private keys or access credentials. The transactions in question trace back to a single suspicious address, which has been actively converting various tokens into Ethereum – a common hacker strategy to unify assets for easier concealment and laundering.
Cross-Chain Movements
Further complicating the issue, the stolen assets from the BNB chain were observed to be transferred to Ethereum, suggesting a deliberate attempt by the perpetrators to blur the lines of asset origin. In a hasty effort to convert all BNB to BSC-USD, the hackers encountered a snag – a lack of gas fees needed to complete the transfer to Ethereum.
Addressing the Gas Fees Hitch
To overcome this hurdle, the hackers utilized FixedFloat, a platform known for swift crypto exchanges, to obtain the necessary gas fees. Despite the quick fix, Duelbits has yet to make an official statement regarding the breach and the current status of their investigation.
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