{"id":149775,"date":"2023-09-05T04:21:21","date_gmt":"2023-09-04T22:51:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149775"},"modified":"2023-09-05T04:21:21","modified_gmt":"2023-09-04T22:51:21","slug":"crypto-casino-stake-reopens-withdrawals-just-5-hours-after-41m-hack-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-casino-stake-reopens-withdrawals-just-5-hours-after-41m-hack-crypto-news\/","title":{"rendered":"Crypto casino Stake reopens withdrawals just 5 hours after $41M hack – Crypto News"},"content":{"rendered":"
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Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.<\/p>\n

Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 \u2014 a few hours after the platform confirmed that several unauthorized transactions were made on Stake\u2019s ETH\/ BTC hot wallets:<\/p>\n

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All services have resumed! Deposits & withdrawals are processing instantly for all currencies. We apologise for any inconvenience. <\/p>\n

\u2014 Stake.com (@Stake) September 4, 2023<\/a><\/p><\/blockquote>\n

The betting site said its Bitcoin (BTC),<\/a> Litecoin (LTC),<\/a> and XRP<\/a> wallets were not impacted but hasn\u2019t yet shared the cause of the exploit or how much was stolen. Stake however confirmed that user funds remain safe.<\/p>\n

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Three hours ago, unauthorised tx\u2019s were made from Stake\u2019s ETH\/BSC hot wallets.<\/p>\n

We are investigating and will get the wallets up as soon as they\u2019re completely re-secured.<\/p>\n

User funds are safe.<\/p>\n

BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.<\/p>\n

\u2014 Stake.com (@Stake) September 4, 2023<\/a><\/p><\/blockquote>\n

Recent analysis by blockchain security firm Beosin calculated the total loss to be $41.35 million, which included $15.7 million on Ethereum (ETH),<\/a> $7.8 million on Polygon (MATIC)<\/a> and another $17.8 million from the Binance Smart Chain.<\/p>\n

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@Stake<\/a> has experienced multiple suspicious outflows on #Ethereum<\/a>, #BSC<\/a> and #Polygon<\/a>. <\/p>\n

ETH: ~$15.7M
Polygon: ~$7.8M
BSC: ~$17.8M
The total funds were ~$41.35M. <\/p>\n

Stay alert! pic.twitter.com\/cKBK3kMeUz<\/a><\/p>\n

\u2014 Beosin Alert (@BeosinAlert) September 4, 2023<\/a><\/p><\/blockquote>\n

An earlier estimate<\/a> of $15.7 million by fellow blockchain security firm PeckShield didn\u2019t account for the $25.6 million allegedly lost on BSC and Polygon, according<\/a> to on-chain analyst ZachXBT.<\/p>\n

Related: <\/em><\/strong>Atomic Wallet faces lawsuit over $100M crypto hack losses: Report<\/em><\/strong><\/a><\/p>\n

The first transaction occurred<\/a> at 12:48 pm UTC, transferring approximately $3.9 million worth of stablecoin Tether (USDT)<\/a> from Stake to the attacker\u2019s account. The next two transactions removed<\/a> over 6,000 Ether, worth approximately $9.8 million at the current prices. <\/p>\n

The attacker continued to remove tokens over the next few minutes, including about $1 million in USD Coin (USDC),<\/a> $900,000 worth of Dai (DAI)<\/a> and 333 Stake Classic (STAKE) ($75) which is understood to have made up the first $15.7 million on Ethereum.<\/p>\n

Magazine:<\/em><\/strong> <\/em><\/strong>How smart people invest in dumb memecoins \u2014 3-point plan for success<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate. Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 \u2014 a few hours after the platform confirmed that several […]<\/p>\n","protected":false},"author":2,"featured_media":149776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-149775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149775"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149775\/revisions"}],"predecessor-version":[{"id":149778,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149775\/revisions\/149778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149776"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}