Crypto gambling site Stake experienced $41 million in withdrawals on Sept. 4 in what blockchain security analysts have called “suspicious outflows.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key.
@Stake has experienced multiple suspicious outflows on #Ethereum, #BSC and #Polygon.
ETH: ~$15.7M
Polygon: ~$7.8M
BSC: ~$17.8M
The total funds were ~$41.35M.Stay alert! pic.twitter.com/cKBK3kMeUz
— Beosin Alert (@BeosinAlert) September 4, 2023
Blockchain data shows very large withdrawals from Stake.com contracts into the alleged attacker’s account. The first transaction on Ethereum occurred at 12:48 pm, transferring approximately $3.9 million worth of stablecoin Tether (USDT) from Stake to the attacker’s account.
The next two transactions removed 6,001 Ether (ETH), worth approximately $9.8 million at the current price. The attacker continued to remove tokens over the next few minutes, including approximately $1 million in USD Coin (USDC), $900,000 worth of Dai (DAI) and 333 Stake Classic (STAKE) ($75.48). Cyvers estimated the total value of the crypto drained to be $16 million.
After draining the funds, the alleged attacker distributed them to multiple accounts.
Stake confirmed the h
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Author: Tom Blackstone
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