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<div class="cryptonews"> 
 <p class="is-style-lead">Despite looting $41 million in cryptos, Stake co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a> Ed Craven said the hackers did not compromise private user info or access customer funds during the attack.</p> 
 <p>Edward Craven, co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a> of crypto casino Stake, published preliminary findings from a Sept. 4 incident that the Federal Bureau of Investigation (FBI) says was masterminded by North Korean hackers.</p> 
 <p>Craven wrote in a Medium blog post that the attacker targeted Stake’s ETH/BSC hot wallets. The sports betting platform uses these internet-linked wallets for daily transactions and large customer payouts, according to Craven.</p> 
 <p>Stake’s security team stemmed the unauthorized transactions in four hours, but not before hackers siphoned $41 million in cryptocurrencies.&nbsp;</p> 
 <p>The exploiters withdrew their booty via Ethereum (ETH), Binance Smart Chain, and Polygon (MATIC). Funds from the attack were later bridged to Bitcoin’s blockchain through a basket of addresses.</p> 
 <p>Craven noted that user info and private customer <a rel="noopener noreferrer nofollow" title="details" href="https://thebittimes.com/tag/details.html">details</a> were never exposed during the incident. Also, the hackers never accessed user funds or account balances on the platform, Stake’s co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a> added.</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> FBI: Lazarus Group hacked and stole $41m from crypto casino, Stake 
 </div> 
 <p>The FBI said TraderTraitor organization APT38 was behind the attack on Stake in a Sep. 6 press release. APT38, more commonly known as Lazarus, is a criminal group specializing in sophisticated cyber attacks.</p> 
 <p>US authorities have said that Lazarus is funded by the regime in North Korea and is believed to have stolen over $1 billion in virtual currencies since 2022.</p> 
 <p>Tornado Cash, an Ethereum-powered privacy protocol, was sanctioned in 2022 over links to Lazarus’ money laundering schemes.&nbsp;</p> 
 <p>The Justice Department indicted a duo of Tornado Cash developers, claiming they conspired to abet bad actors by building decentralized software.&nbsp;</p> 
 <p>One of the accused, Roman Storm, pleaded not guilty to conspiracy and money laundering charges before a federal court.&nbsp;</p> 
 <p>Fellow Tornado Cash developer Alexey Pertserv was arrested in the Netherlands and charged with similar offenses.</p> 
 <div class="cn-block-related-link"> 
  <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> Tornado Cash creators deny laundering $1b for North Korea hackers 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/stake-co-founder-eddie-craven-shares-details-on-41m-heist-tbt62095.html">https://thebittimes.com/stake-co-founder-eddie-craven-shares-details-on-41m-heist-tbt62095.html</a></p>

Stake co-founder Eddie Craven shares details on $41m heist

TheBitTimes

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