Crypto casino Stake reopens withdrawals just 5 hours after $41M hack

Crypto betting platform Stake has reopened deposits and withdrawals just five hours after being hacked and losing an estimated $41.3 million, with all user funds confirmed to be safe.

cointelegraph.com

Relevant topic timeline:

9/4/2023

Crypto Casino Stake Targeted in Reported $40M Exploit

Cryptocurrency casino Stake suffered an exploit resulting in a loss of $16 million, with the stolen funds converted to ether and transferred to externally owned wallets, although withdrawals from the targeted wallet have been paused.

9/4/2023

Crypto gambling site Stake sees $16M withdrawn in possible hack

An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.

9/5/2023

Explaining Ethereum's 'Risk Free' Rate of Return

Staking in the crypto market is rebounding, with proof-of-stake revenue generation reaching almost all-time highs, driven by the surge in total value locked for liquid staking protocols and the appeal of staking as a safer investment option in a year of liquidity challenges and DeFi hacks.

9/11/2023

Lido Responds to LDO Token Contract Vulnerability, Says User Funds Remain Safe

Ethereum staking protocol Lido Finance has reassured users that their funds remain safe despite a known security flaw in Lido DAO's token contract that enables "fake deposit" attacks on exchanges, according to blockchain security firm SlowMist. Lido Finance argues that this flaw is present in all ERC-20 tokens and is not specific to Lido's LDO token. The company has pledged to update the token integration guides to address the issue.