Metawin Hack
What happened
On November 3, 2024, an attacker exploited Metawin's frictionless withdrawal system and drained its Ethereum and Solana hot wallets of more than $4 million. Metawin temporarily disabled withdrawals, later restored access, and its CEO said affected balances had been backfilled. ZachXBT identified 115 theft addresses and reported transfers to KuCoin and a HitBTC nested service.
How it happened
- The attacker abused a vulnerability in Metawin's fast, low-friction withdrawal workflow.
- That workflow enabled unauthorized withdrawals from the Ethereum and Solana hot-wallet pools.
- ZachXBT associated 115 theft addresses with the event and tracked funds to KuCoin and a HitBTC nested service.
- Metawin paused withdrawals, restored most access, and said it replenished affected balances.
Protocol details
Evidence
Understand the attack patterns
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