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 “Stake.com Hacker” by Etherscan, implying that the funds may have come from stolen private keys.
Blockchain data shows massive withdrawals from Stake.com 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
Stake keeps a small portion of its crypto reserves in hot wallets at any given moment for these very reasons.
All affected wallets should be operational shortly
— Eddie (@StakeEddie) September 4, 2023
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
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