CoinPoker Hack: A Comprehensive Analysis by Cyvers

Get the 2023 Cyvers Web3 Security Report, covering security incidents in 2022, research and key insights.

In this report you will learn about:

The most common types of hacks, the biggest hacks, exploits and Rug pulls that hapened 2022 accounting for $3.6B in losses.

- Explanation & Analysis.

- Web3 Hack & Security Statistics.

- Coverage on regulation, Web3 Security, Market Trends & Vulnerabilties for 2023.

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A detailed investigation into the $2M breach, its execution, and how Cyvers’ solutions could have prevented it.

On November 8, 2024, a hacker breached the CoinPoker’s hot wallet, resulting in the unauthorized draining of approximately $2M USD.

The attack spanned across multiple blockchain networks, including BNB Chain, Ethereum, and Polygon networks, involving 82 transactions executed in increments of $25K or less. Later, it funneled through Tornado Cash to obscure the trail and to launder the funds.

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