Hackers Target Crypto Gambling Platform: Stake.com Lost $41 Million

<p>The crypto gambling site, Stake.com has become the latest victim of cyber criminals. Around $41 million in cryptocurrencies were siphoned off from the platform in transactions labeled as 'suspicious outflows'.</p><p>Stake.com Hacked
</p><p>Stake confirmed unauthorized transactions from its Ethereum and Binance Smart Chain hot wallets. However, it did not detail any of these suspicious activities.
</p><p>“Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets,” Stake tweeted.</p><blockquote><p lang="en" dir="ltr">Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets.We are investigating and will get the wallets up as soon as they’re completely re-secured.User funds are safe.BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.</p>— Stake.com (@Stake) <a href="https://twitter.com/Stake/status/1698746766076588057?ref_src=twsrc%5Etfw">September 4, 2023</a></blockquote><p>About $41 Million in Crypto Was Drained
</p><p>According to the on-chain analyst, Cyvers $16 million in cryptocurrencies were drained from the <a href="https://www.financemagnates.com/terms/e/ethereum/">Ethereum</a> network following a “<a href="https://www.financemagnates.com/terms/p/private-key/">private key</a> leak.” In the first transaction on the Ethereum network, the hackers transferred about $3.9 million in Tether from Stake’s wallet. In the next two transactions, attackers drained 6,001 Ether, valued at almost $9.8 million. The attacker also drained $1 million in USD Coin and $900,000 worth of Dai and 333 Stake Classic.</p><blockquote><p lang="en" dir="ltr">