Ethereum

In what seems to be one of the most significant security breaches in online gambling history, Stake.com, an Australian-based sports betting and crypto casino service provider, has reportedly suffered a massive hack, with approximately $41.3 million siphoned off its platform. 
The news broke out on September 4, 2023, and it has sent shockwaves across the cryptocurrency gaming industry. 
The company has confirmed the exploit and stated that the funds were drained from one of their <a href="https://crypto.ro/en/education/best-crypto-wallet/">hot wallets</a>. However, they assured their customers that their funds are safe. 
<h2 id="stake-com-s-affected-wallets">Stake.com’s affected wallets</h2> 
Notably, the casinos’s <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a>, <a href="https://crypto.ro/en/cryptocurrencies/litecoin">Litecoin</a>, and <a href="https://crypto.ro/en/cryptocurrencies/xrp">XRP</a> wallets were unaffected by the breach. As of now, the platform has not disclosed the exact cause of the exploit or the precise amount that was stolen. 
<blockquote class="twitter-tweet"> 
 Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets. 
 We are investigating and will get the wallets up as soon as they’re completely re-secured. 
 User funds are safe. 
 BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational. 
 — Stake.com (@Stake) <a href="https://twitter.com/Stake/status/1698746766076588057?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 4, 2023</a>
</blockquote> 
The hacker’s account has been labeled as “Stake.com Hacker” by <a href="https://etherscan.io" rel="nofollow noopener" target="_blank">Etherscan</a>, an Ethereum blockchain explorer, leading to speculations that the theft might have resulted from a compromise of private keys. Despite this, the casino has resumed operations after the incident of all its services at 9:28 pm UTC on the same day. 
Blockchain security firm Beosin has estimated the total loss from the breach to be around $41.35 million. This figure includes $15.7 million from <a href="https://crypto.ro/en/cryptocurrencies/ethereum">Ethereum</a>, $7.8 million from <a href="https://crypto.ro/en/cryptocurrencies/matic-network">Polygon</a>, and a staggering $17.8 million from the <a href="https://crypto.ro/en/cryptocurrencies/bnb">BNB</a> Smart Chain. 
Another blockchain security firm, PeckShield, had initially estimated the loss to be $15.7 million but did not account for the funds allegedly lost on BSC and Polygon. 
The breach began with a transaction at 12:48 pm UTC, where approximately $3.9 million worth of the stablecoin Tether was transferred from Stake to the attacker’s account. 
Subsequent transactions saw over 6,000 ETH, valued at roughly $9.8 million, being moved. The attacker also removed tokens, including about $1 million in <a href="https://crypto.ro/en/cryptocurrencies/usd-coin">USD Coin</a>, $900,000 in <a href="https://crypto.ro/en/cryptocurrencies/dai">Dai</a>, and a smaller amount in Stake Classic (STAKE). 
<figure id="attachment_23813" aria-describedby="caption-attachment-23813" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-23813 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/09/The-total-funds-were-41.35M.png" alt="The total funds were 41.35M" width="462" height="432" srcset="https://crypto.ro/en/wp-content/uploads/2023/09/The-total-funds-were-41.35M.png 462w, https://crypto.ro/en/wp-content/uploads/2023/09/The-total-funds-were-41.35M-300x281.png 300w" sizes="(max-width: 462px) 100vw, 462px" title="Stake.com resumes operations after $41.3 million cyber breach 14">
 <figcaption id="caption-attachment-23813" class="wp-caption-text">
 The total funds were ~$41.35M. | Beosin Alert
 </figcaption>
</figure> 
Interestingly, Stake.com has a strong celebrity backing, including Drake, the globally recognized Canadian rapper. The platform’s association with high-profile personalities underscores its prominence in the crypto gaming world. 
This incident adds to the growing list of crypto-related hacks, with over $3.7 billion worth of crypto reported lost to various exploits in the last year alone.

Stake.com resumes operations after $41.3 million cyber breach

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