JUST

ZachXBT

Million

Security

Polygon

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 <p>Popular <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> casino Stake appears to be the latest victim of a costly security exploit. According to on-chain analysts, over $41.3 million worth of funds have been drained from Stake’s wallets across multiple blockchains.</p> 
 <p>First flagged by analyst Cyvers, the incident involves a reported private key leak that enabled the withdrawal of $15.7 million in ether (ETH) from Stake’s Ethereum wallet.</p> 
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    <p lang="en" dir="ltr">JUST IN: World's largest crypto casino, Stake․com reportedly hacked for $41.3 million.</p> 
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 <h2 class="wp-block-heading" id="h-crypto-sleuth-zachxbt-shares-the-cost-of-the-exploit">Crypto sleuth ZachXBT shares the cost of the exploit</h2> 
 <p>Crypto Sleuth ZachXBT shared the figure, adding that $15.7 million in ETH was taken along with $25.6 million stolen from Stake’s Polygon and Binance Smart Chain wallets. The funds have been converted to ETH and sent to various external wallets.</p> 
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 <p>Stake, an Australian <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> casino and sportsbook that generated $2.6 billion in 2022 revenue, per the Financial Times. It still holds around $2.4 million in its compromised Ethereum wallet based on Etherscan data. Withdrawals appear to have been paused, matching user reports on Twitter.</p> 
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 <p>While details remain limited, the evidence points clearly to Stake as the latest platform exploited by <a rel="noopener noreferrer nofollow" title="hack" href="https://thebittimes.com/tag/hack.html">hack</a>ers. Security weaknesses continue to put user funds at risk, recalling last year’s “Hacktober” wave of breaches.</p> 
 <p><strong>Also read: Australia Rejects Crypto Regulation Bill</strong></p> 
 <p>For Stake’s customers, many questions remain unanswered. However, the company has yet to issue an official statement on the alleged multimillion-dollar <a rel="noopener noreferrer nofollow" title="hack" href="https://thebittimes.com/tag/hack.html">hack</a>.</p> 
 <p>As <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> platforms face an extended downturn, security is paramount. But the Stake situation exemplifies that risks still abound, highlighting the urgent need for robust safeguards and protocols across the industry.&nbsp;</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Casion</li> 
  <li>crypto</li> 
  <li>hack</li> 
  <li>Stake.com</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-casino-stake-reportedly-hacked-for-41-3-million-tbt61490.html">https://thebittimes.com/crypto-casino-stake-reportedly-hacked-for-41-3-million-tbt61490.html</a></p>

Crypto Casino Stake Reportedly Hacked For $41.3 Million

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