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 <p class="is-style-lead">The tokens were part of $7.8 million in Polygon’s MATIC stolen from crypto casino Stake on Sept. 4, along with millions in other cryptos.</p> 
 <p>On-chain data showed that the <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> who <a rel="noopener noreferrer nofollow" title="stole" href="https://thebittimes.com/tag/stole.html">stole</a> millions in digital assets from crypto casino Stake on Sept. 4 has bridged some looted MATIC tokens to Avalanche.</p> 
 <p>According to transactions seen on Polygonscan, the address “0x32860a05c8c5D0580dE0D7Eab0D4b6456C397Ce2” received over 3.2 million MATIC coins from the Stake hacker in two transactions.</p> 
 <p>On Sept. 6, two days after the exploit, the hacker’s address had funneled 2.8 million of Polygon’s native tokens to 10 separate wallets so far.&nbsp;</p> 
 <p>The moved funds are worth an estimated $1.5 million, with MATIC trading around 55 cents at press time.</p> 
 <p>Blockchain security shop CertiK confirmed that some funds were subsequently sent to Avalanche via <a rel="noopener noreferrer nofollow" title="bridges" href="https://thebittimes.com/tag/bridges.html">bridges</a>, a solution allowing users to send cryptocurrencies from one blockchain to another. The <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> also bridged from Avalanche to Bitcoin, according to CertiK.</p> 
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    <p lang="en" dir="ltr">In total, the Stake <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> has transferred ~2.8M MATIC out of EOA 0x328 to various EOAs.<br><br>The majority of the funds have been bridged to AVAX and then bridged to BTChttps://t.co/m1zk2vjoQD</p>— CertiK Alert (@CertiKAlert) September 6, 2023 
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 <p>Crypto casino Stake suffered suspicious outflows from one of the platform’s hot wallets on Sept. 4. Hot wallets are internet-connected crypto tools used by crypto service providers for frequent transactions.</p> 
 <p>Unlike cold storage alternatives, these wallets are more prone to malicious attacks since they are connected to the internet. </p> 
 <p>The <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> siphoned $41.3 million in digital assets like BNB, DAI, Ether (ETH), USDC, and USDT from Stake across three blockchains – Binance Smart Chain (BSC), Ethereum, and Matic.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Stake reportedly hacked, $15.7m suspiciously moved 
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 <p>Stake has yet to comment on the exploited vulnerability, although co-founder Edward Craven said the situation is “under control” and operations resumed on the same day as the incident.</p> 
 <p>The theft underscores concerns regarding attacks on crypto-related platforms. CoinsPaid, a crypto payments operator, was hacked for $37 million in August 2023 by suspected North Korean-funded cyber criminals.&nbsp;</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CoinsPaid reveals how job offer led to $37m hack 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/stake-hacker-bridges-1-5m-in-stolen-matic-tbt61892.html">https://thebittimes.com/stake-hacker-bridges-1-5m-in-stolen-matic-tbt61892.html</a></p>

Stake hacker bridges $1.5m in stolen MATIC

TheBitTimes

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