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.
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2023/09/stake-gambling-money-gID_7.jpeg)