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    Crypto casino Stake hacked for over $40 million

    By ApeSpaceSeptember 4, 2023

    An attacker managed to compromise hot wallets operated by the Stake betting platform, stealing approximately $15.7 million from their Ethereum wallet and around $25.6 million from BSC and Polygon. Blockchain analysis project Cyvers attributed the theft to a private key leak.

    Stake acknowledged the attack on their Twitter account, writing that “We are investigating and will get the wallets up as soon as they’re completely re-secured.”

    Stake is an Australia-based cryptocurrency casino and sports betting platform that has enjoyed endorsements from various celebrities, and which shelled out $100 million in 2022 for an endorsement deal with Drake.


    • Tweets by zachxbt

    • “Crypto Casino Stake Targeted in Reported $40M Exploit”
      , CoinDesk
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