Gambling site Stake was reportedly hacked, with $41 million in crypto stolen
Unusually large withdrawals were reportedly made from Stake to an account with no previous activity, with funds stolen including Tether and Ether.
Crypto gambling site Stake experienced $41 million in withdrawals on Sept. 4 in what blockchain security analysts have called “suspicious outflows.”
The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key.
Blockchain data shows very large withdrawals from Stake.com contracts into the alleged attacker’s account.
The first transaction on Ethereum occurred at 12:48 pm, transferring approximately $3.9 million worth of stablecoin Tether
USDT
$1.00 from Stake to the attacker’s account.
The next two transactions removed 6,001 Ether
ETH
$1,622, worth approximately $9.8 million at the current price. The attacker continued to remove tokens over the next few minutes, including approximately $1 million in USD Coin
USDC
$1.00, $900,000 worth of Dai
DAI
$1.00 and 333 Stake Classic (STAKE) ($75.48). Cyvers estimated the total value of the crypto drained to be $16 million.
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