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Gamdom wallet hack losses may exceed $4.2 million

Original: The Gamdom hot wallet hack may have cost over $4.2 million, above the firm's $3 million estimate, after a server breach.

Crypto gambling platform Gamdom suffered a server breach leading to a hot wallet hack, and new analysis suggests losses could top $4.2 million in Bitcoin, Ethereum and Solana, higher than the company's initial $3 million estimate. Security researchers, including TRM Labs, are tracking the stolen funds across multiple blockchains as the full damage is reassessed.

Why now: The revised loss estimate is significantly higher than the company first disclosed, renewing concern over crypto platform security.

GamdomTRM LabsEthereumBitcoinSolana

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