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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