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.

coindesk.com

Relevant topic timeline:

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Crypto gambling site Stake sees $16M withdrawn in possible hack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

9/4/2023

Drake-Backed Crypto Casino Stake Loses $40M in 'Unauthorized' Transfers - Decrypt

Popular crypto betting platform Stake lost around $40 million in unauthorized transactions, with $16 million leaving the platform in Ethereum, Tether, USD Coin, and DAI, and an additional $25 million drained on Binance Smart Chain and Polygon, according to blockchain security experts.

9/12/2023

Hackers Behind Stake's $41M Hack Bridge Another $328K to Bitcoin and Avalanche

Hackers behind the $41 million hack of cryptocurrency casino Stake have moved an additional $328,000 million worth of Polygon and BNB tokens to the Avalanche blockchain, bringing the total transferred funds to $4.8 million, representing 1.2% of the total stolen amount.

9/21/2023

Victim Loses $4.5M in Crypto After Falling For Fake Exchange Scam

A cryptocurrency holder has lost $4.46 million in a phishing scam after funds were withdrawn from a Kraken exchange wallet and sent to a scammer's address, with scammers stealing around $337.1 million in total through similar attacks.