Stake.com Hacked For $41.3 Million

by BSC News

September 4, 2023


The world’s largest crypto-casino has reportedly experienced a major security breach, leading to large sums of cryptocurrency, across Ethereum, Polygon and BNB Chain, being drained from the platform’s wallets.

Stake.com, the world’s largest cryptocurrency-oriented casino platform, has reportedly been hacked for as much as $41.3 million worth of digital assets. Reports are currently pointing to a potential key-leak as the cause behind the security breach.

First highlighted by @CyversAlerts on X (Twitter), a suspicious, Ethereum-native transfer of approximately $16 million worth of ETH, USDC, USDT, and DAI, was made from Stake.com’s Ethereum address to a separate wallet address, which then converted the assets into ETH.

Despite the scale of the attack, Stake.com was swift to respond on X (Twitter) to confirm that services had resumed in full.

Adding to the saga, @ZachXBT highlighted that a further $25.6 million worth of cryptocurrency had been drained from the platform, on Polygon and BNB Chain. 

What is Stake.com?

Stake.com is by some margin the largest cryptocurrency-centric online gambling platform. Founded in 2017 and headquartered in Curacao, Stake.com saw around $2.6 billion in revenue in 2022. The platform accepts cryptocurrency deposits and withdrawals and has received significant marketing support from music artist, Drake.


Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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