USDC

Coin

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  Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether. 
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<div class="cointelegraph"> 
 <p>Crypto <a rel="noopener noreferrer nofollow" title="gambling" href="https://thebittimes.com/tag/gambling.html">gambling</a> site Stake has experienced $16 million in <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a> on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key.</p> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr">ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI<br><br>All the stable coins are converted to $ETH and distributed to different EOAs.<br><br>FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm</p>— Cyvers Alerts (@CyversAlerts) September 4, 2023 
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 <p>Blockchain data shows very large withdrawals from Stake.com contracts into the alleged attacker’s account. The first transaction occurred at 12:48 p.m., transferring approximately $3.9 million worth of Tether (USDT) stablecoin from Stake to the attacker’s account. The next two transactions removed 6,001 Ether (ETH), worth approximately $9.8 million at the current price. The attacker continued to remove tokens over the next few minutes, including approximately $1 million USD Coin (USDC), $900,000 worth of Dai (DAI) stablecoin, and 333 Stake Classic (STAKE) ($75.48). Cyvers has estimated the total value of crypto drained at $16 million.</p> 
 <p>After draining the funds, the alleged attacker distributed them to multiple accounts. At the time of publication, Stake has not made an announcement regarding the suspicious <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a>.</p> 
 <p><em><strong>Related:&nbsp;</strong><strong>Atomic Wallet faces lawsuit over $100M crypto hack losses: Report</strong></em></p> 
 <p>Stake is a crypto gambling protocol that offers dice games, Blackjack, Lingo, and other casino games, as well as sports betting for basketball, tennis, volleyball and others. </p> 
 <p>This is not the first time in 2023 that crypto <a rel="noopener noreferrer nofollow" title="gambling" href="https://thebittimes.com/tag/gambling.html">gambling</a> sites may have been targeted by hackers. On July 23, payments provider Alphapo suffered $31 million in suspicious <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a>. Alphapo was a provider for several crypto <a rel="noopener noreferrer nofollow" title="gambling" href="https://thebittimes.com/tag/gambling.html">gambling</a> sites, including Hypedrop, Bovada, and Ignition.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-gambling-site-stake-sees-16m-withdrawals-in-possible-hack-tbt61492.html">https://thebittimes.com/crypto-gambling-site-stake-sees-16m-withdrawals-in-possible-hack-tbt61492.html</a></p>

Crypto gambling site Stake sees $16M withdrawals in possible hack

TheBitTimes

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