• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Arizona woman sentenced for aiding North Korea in U.S. IT job fraud scheme

 | 

Operation CargoTalon targets Russia’s aerospace with EAGLET malware,

 | 

Unpatched flaw in EoL LG LNV5110R cameras lets hackers gain Admin access

 | 

Koske, a new AI-Generated Linux malware appears in the threat landscape

 | 

Mitel patches critical MiVoice MX-ONE Auth bypass flaw

 | 

Coyote malware is first-ever malware abusing Windows UI Automation

 | 

SonicWall fixed critical flaw in SMA 100 devices exploited in Overstep malware attacks

 | 

DSPM & AI Are Booming: $17.87B and $4.8T Markets by 2033

 | 

Stealth backdoor found in WordPress mu-Plugins folder

 | 

U.S. CISA adds CrushFTP, Google Chromium, and SysAid flaws to its Known Exploited Vulnerabilities catalog

 | 

U.S. CISA urges FCEB agencies to fix two Microsoft SharePoint flaws immediately and added them to its Known Exploited Vulnerabilities catalog

 | 

Sophos fixed two critical Sophos Firewall vulnerabilities

 | 

French Authorities confirm XSS.is admin arrested in Ukraine

 | 

Microsoft linked attacks on SharePoint flaws to China-nexus actors

 | 

Cisco confirms active exploitation of ISE and ISE-PIC flaws

 | 

SharePoint under fire: new ToolShell attacks target enterprises

 | 

CrushFTP zero-day actively exploited at least since July 18

 | 

Hardcoded credentials found in HPE Aruba Instant On Wi-Fi devices

 | 

MuddyWater deploys new DCHSpy variants amid Iran-Israel conflict

 | 

U.S. CISA urges to immediately patch Microsoft SharePoint flaw adding it to its Known Exploited Vulnerabilities catalog

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Hacking
  • Hackers stole $41M worth of crypto assets from crypto gambling firm Stake

Hackers stole $41M worth of crypto assets from crypto gambling firm Stake

Pierluigi Paganini September 05, 2023

Crypto gambling site Stake suffered a security breach, and threat actors withdrew $41M of funds stolen including Tether and Ether.

Researchers reported abnormally large withdrawals made from the crypto gambling site Stake to an account with no previous activity, a circumstance that suggests that threat actors have hacked the platform and stolen crypto assets, including Tether and Ether.

Stake.com offers traditional casino games (such as slots, blackjack and roulette) and sports betting. It offers video streams with live dealers. Users on Stake.com typically do not deal with traditional currencies, instead they deposit and withdraw cryptocurrencies to and from their betting account. Account balances can be withdrawn in the equivalent value of cryptocurrency and then deposited back into the user’s personal cryptocurrency wallet.

Stake crypto gambling site

The crypto gambling site confirmed the attack on Twitter:

“Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets” reads the statement. “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.”

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.

— Stake.com (@Stake) September 4, 2023

The withdrawals were made on September 4, and the account used by the threat actors was called “Stake.com Hacker” by Etherscan.

“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.” reads the report published by the CoinTelegraph.

Smart contract audit service Beosin reported that the attackers also drained funds using other chains, including 17.8 M from BNB Smart Chain (BSC) and 7.8M from Polygon. 

🚨@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

🚨ALERT🚨Our AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI

All the stable coins are converted to $ETH and distributed to different EOAs.

FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 4, 2023

The analysis of the Blockchain data reveals that threat actors performed very large withdrawals from Stake.com contracts into the alleged attacker’s account.

Once the attackers drained the funds, they distributed them to multiple accounts.

Ed Craven, Stake co-founder, attempted to reassure their clients explaining that only a small portion of its crypto reserves is maintained in hot wallets.

Stake keeps a small portion of its crypto reserves in hot wallets at any given moment for these very reasons.

All affected wallets should be operational shortly 💚

— Eddie (@StakeEddie) September 4, 2023

The company will restore the affected wallets shortly.

Follow me on Twitter: @securityaffairs and Facebook and Mastodon

Pierluigi Paganini

(SecurityAffairs – hacking, crypto gambling)


facebook linkedin twitter

Cybercrime Hacking hacking news information security news IT Information Security Pierluigi Paganini Security Affairs Security News Stake crypto gambling site

you might also like

Pierluigi Paganini July 26, 2025
Arizona woman sentenced for aiding North Korea in U.S. IT job fraud scheme
Read more
Pierluigi Paganini July 25, 2025
Operation CargoTalon targets Russia’s aerospace with EAGLET malware,
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Arizona woman sentenced for aiding North Korea in U.S. IT job fraud scheme

    Intelligence / July 26, 2025

    Operation CargoTalon targets Russia’s aerospace with EAGLET malware,

    Intelligence / July 25, 2025

    Unpatched flaw in EoL LG LNV5110R cameras lets hackers gain Admin access

    Security / July 25, 2025

    Koske, a new AI-Generated Linux malware appears in the threat landscape

    Malware / July 25, 2025

    Mitel patches critical MiVoice MX-ONE Auth bypass flaw

    Security / July 25, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT