Cryptocurrency gambling platform Stake reopened deposits and withdrawals and restored service to users just five hours after it was hacked for $41.3 million, according to blockchain security firm estimates.
Stake confirmed that all services had resumed at 9:28pm UTC on September 4 — hours earlier, the platform confirmed multiple unauthorized transactions on Stake’s ETH/BTC hot wallet:
All services have been restored! Deposits and withdrawals in all currencies are processed instantly. I’m sorry for the inconvenience.
— Stake.com (@Stake) September 4, 2023
The gambling site said its Bitcoin (BTC), Litecoin (LTC) and XRP wallets were not affected, but has not disclosed the cause of the breach or the amount stolen. However, Stake confirmed that user funds remain safe.
Three hours ago, an unauthorized transaction was made on Stake’s ETH/BSC hot wallet.
We are investigating and will restore the wallet once it is fully re-secured.
User funds are safe.
BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.
— Stake.com (@Stake) September 4, 2023
A recent analysis by blockchain security firm Beosin calculated a total loss of $41.35 million, including $15.7 million for Ethereum (ETH), $7.8 million for Polygon (MATIC), and $17.8 million for Binance Smart Chain.
@bet Experienced multiple suspicious outflows of funds #Ethereum, #balanced scorecard and #polygon.
Ethereum: about $15.7 million
Polygon: ~$7.8 million
Balanced Scorecard: ~$17.8 million
Total funding is approximately $41.35 million.Be vigilant! pic.twitter.com/cKBK3kMeUz
— Beosin Alert (@BeosinAlert) September 4, 2023
an earlier one estimate The $15.7 million for blockchain security firm PeckShield does not count towards the $25.6 million that BSC and Polygon allegedly lost, according to On-chain analyst ZachXBT.
related: Atomic Wallet Faces Lawsuit for $100 Million in Crypto Hack Losses: Report
The first transaction occurred at 12:48 PM UTC, transferring approximately $3.9 million worth of stablecoin Tether (USDT) from Stake to the attacker’s account. The next two transactions removed more than 6,000 ether, worth about $9.8 million at current prices.
The attackers continued to delete 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), which is understood to have This constitutes the initial $15.7 million in Ethereum.
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