Crypto Platform Suffers $4M Hack, CEO Pledges Security Upgrades

According to blockchain investigator ZachXBT, who has been following the case closely, the breach was made possible by an exploit in the "seamless withdrawal system."

Cryptocurrency platform Metawin recently experienced a major security breach of its online wallets on Ethereum and Solana, resulting in losses exceeding $4 million.

ZachXBT reported, that a hacker stole funds from 115 addresses, which were then routed through KuCoin and HitBTC’s linking service, suggesting a sophisticated and deliberate operation.

In response, Metawin initially disabled the withdrawals to protect the platform, but soon re-enabled them. CEO Richard “Skel” Skelhorn informed the community via Discord that authorities had contacted him and assured users of Metawin’s commitment to improvements.

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Skelhorn expressed determination to address the losses, stating:

We’re not going to dwell on it.

At the same time, he hinted that he might personally cover some of the lost funds as part of an effort to restore confidence and sustain Metawin’s work.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.