Stake.com, a platform known for its popular cryptocurrency gambling, has been hacked, resulting in an unauthorized withdrawal of more than $41 million worth of cryptocurrency.
Stake.com has been alerted to suspicious movements of funds from its Ethereum and BSC wallets, but the company assured that users’ assets in Bitcoin, XRP and other cryptocurrencies remained safe and unaffected.
Blockchain data revealed that the first suspicious Ethereum transaction was transferred to a hacker’s account, as well as a $3.9 million Tether transaction.
Boesin Alert, a Twitter/X account known for its risk alerts and a Web3 smart contract auditor, discovered that a total of $41 million worth of cryptocurrencies had been intercepted. As a result, Ethereum worth $15.69 million, MATIC worth $7.825 million and BSC worth $17.825 million were hacked and redirected to a suspicious account.
After moving the funds, the suspicious account allegedly spread the funds among several accounts. Stake.com conducted its own investigation into the incident and confirmed that all services have been restored.
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