Key Takeaways
- Crypto casino Duelbits has reopened deposits and withdrawals after a hack its co-founder valued at roughly $7 million.
- The platform says it relaunched with around $8 million spread across hot and cold wallets and ready for payouts.
- Duelbits has still not publicly explained how attackers accessed its wallets, despite saying it would investigate the cause before reopening.
Crypto casino Duelbits is back online just days after a multimillion-dollar wallet attack forced it to shut down — but a key question remains unanswered.
The gambling platform announced on Sept. 27 that deposits and withdrawals had resumed and said it had relaunched with approximately $8 million across hot and cold wallets.
It comes just three days after Duelbits co-founder Joe confirmed that the casino had been hacked for roughly $7 million.
However, Duelbits has yet to publish a technical post-mortem explaining exactly how the attacker gained access to its funds.
Crypto Casino Reopens With $8M Ready for Withdrawals
Duelbits said it had spent additional time rebuilding and testing its systems before switching payments back on.
The platform said around $8 million had been placed across its hot and cold wallets and was available to meet withdrawals.
That represents a relatively rapid return for a crypto gambling platform that, on Sept. 24, said it would remain offline until it understood what had happened.
Joe said at the time that user funds were safe and that Duelbits planned to investigate the attack, replenish its hot wallets and then restore operations.
The casino has now completed the reopening stage, but the explanation stage appears less complete.
What Actually Happened to Duelbits?
Suspicious transactions linked to Duelbits were first flagged on Sept. 24.
Security researchers initially identified approximately $4.2 million to $4.3 million leaving wallets on Ethereum, BNB Chain and Tron. A separate Bitcoin hot-wallet loss was later identified, while Joe ultimately placed the overall damage at approximately $7 million.
CoinDesk reported that the attack affected hot wallets across multiple blockchains and that much of the stolen cryptocurrency was eventually consolidated into a single Ethereum address.
The important unresolved issue is how those wallets were compromised in the first place.
Joe initially said Duelbits was still investigating “what happened and how,” but no detailed root-cause report had been released by the time the casino reopened.
Security firm Scam Sniffer has raised the possibility of a compromised private key, but Duelbits has not publicly confirmed it.
Until the company publishes the findings of its investigation, it remains unclear whether the attack resulted from stolen credentials, compromised infrastructure, an operational-security failure or another vulnerability.
A Second Wallet-Security Incident for Duelbits
The lack of a confirmed explanation is particularly significant because this is not the first time Duelbits has suffered a major wallet-related loss.
ForkLog reported that the casino was hit by another private-key-related incident in February 2024, resulting in approximately $4.6 million in losses.
If the latest breach is eventually confirmed to have involved another compromised key, it would raise further questions about how Duelbits manages access to wallets holding operational funds.
For now, however, that connection remains unproven.
Top Trending Crypto Articles
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
