Cryptorias

Possible hack results in $16M withdrawal from crypto gambling site Stake

Possible hack results in $16M withdrawal from crypto gambling site Stake

– Stake.com, a crypto gambling site, experienced unusually large withdrawals totaling $16 million on September 4.

– The withdrawals were deemed suspicious by security platform Cyvers Alerts.

– The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, suggesting a stolen private key may be involved.

– The alleged attacker transferred $3.9 million in Tether and $9.8 million in Ether from Stake to their account.

– Additional tokens, including USD Coin, Dai, and Stake Classic, were also drained from the platform.

– The attacker distributed the funds to multiple accounts after the withdrawals.

– Stake has not yet made an official announcement regarding the incident.

– This is not the first time in 2023 that crypto gambling sites have been targeted by hackers, as Alphapo suffered $31 million in suspicious withdrawals in July.

– Further information will be provided as it becomes available.

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