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Duelbits Cofounder Joe Says Hack Caused About $7 Million in Losses
The platform remains offline as the team investigates the incident and plans to replenish hot-wallet funds before resuming operations.
Duelbits co-founder Joe said Thursday that a hack caused about $7 million in losses, leaving the platform offline while its team investigates and works toward a restart.
Joe said user funds are safe. The platform has not resumed operations, and the cause of the incident remains under investigation.
The team plans to replenish funds held in hot wallets before restoring the platform. It also plans to launch Duelbits 2.0 after operations resume.
The incident has left Duelbits focused on its investigation, fund replenishment and platform recovery.
