Stake Crypto Gambling Sites Hacked, Total Damage Over $1.444 Million

Crypto gambling site Stake had a suspicious withdrawal of $41 million ($44 million) on Sept. 4, what blockchain security analysts called a The withdrawal account was labeled “ Hacker” by Etherscan, implying that the funds may have come from stolen private keys.

Blockchain data shows massive withdrawals from contracts to attackers’ accounts. The first transaction on Ethereum occurred at 12:48 PM ET, transferring approximately $3.9 million worth of Tether stablecoin to the attacker’s account.

The next two transactions are 6,001 Ether worth approximately $9.8 million at current prices, with attackers continuing to withdraw tokens over the next few minutes. This includes approximately $1 million in USDC, $900,000 in Dai, and 333 Stake Classic (STAKE) ($75.48), which Cyvers estimates the total value of the crypto to be at $16 million. Attackers spread those funds to multiple accounts.

Stake confirmSocial media hacking “Three hours ago an unauthorized transaction was generated from Stake’s ETH/BSC hot wallet,” the team said, claiming that “user funds remain safe,” Stake co-founder Ed Craven said. explainThe fact that “Stake keeps a small portion of crypto reserves in hot wallets at any given time for these reasons” means that the loss is only a small percentage of the total. and will not affect the user

Beosin reported that the attack also occurred on other networks, including BNB Smart Chain (BSC) and Polygon, with additional losses of $7.8 million on Polygon and $17.8 million on BSC, bringing the total loss to more than $41 million.

refer : cointelegraph
picture cryptobriefing

The post Stake Crypto Gambling Site Hacked, Total Damage Over 1,444 Million Baht Appeared First on Bitcoin Addict.

source site