Cryptocurrency [loss] $770,000

Tweets by PeckShield

2023-09-05 [vendor] GMBL.COMPUTER [chain] ethereum
Primary Source ↗
Financial Loss $770,000 (770,000 USD)
Recovered $383,500
Blockchain(s) Ethereum

Incident Details

The brand new Arbitrum-based defi casino GMBL.COMPUTER was exploited for around 471 ETH ($770,000). The project, which promises to “generate yield from casino games”, had officially launched only hours earlier. The GMBL team later stated that they believed the exploit was due to a flaw in the platform’s referral system, where people could place bets without depositing any funds and use them to generate referral bonuses.GMBL offered a “bug bounty” to the attacker, inviting them to return 90% of the stolen funds in exchange for a promise not to pursue legal action. The exploiter later returned 235 ETH ($382,000), or half what they had stolen.GMBL promised that “we are going to thoroughly test everything again before re launching”.

Total loss estimated at $770,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
GMBL.COMPUTER

Timeline

  1. 2023-09-05 Breach occurred
  2. 2023-09-05 Publicly disclosed