According to web3 security agency Beosin, the majority of the stolen funds ($17.8 million) was withdrawn from the platform’s hot wallet which is on the Binance Smart Chain. Another $15.7 million was withdrawn on Ethereum while a further $7.8 million was withdrawn on Polygon.
In a statement released on X (Twitter), Stake.com announced that it was aware of the suspicious transactions but that all customer funds were safe.
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
A few hours later, customers were given access to their funds once more. However, no official details on the amount lost through the hack have been released by the company nor are there any indications who may be responsible.
In a statement last year, Ed Craven, Stake.com’s founder said that the platform is responsible for nearly 6% of Bitcoin transactions online and 15% of all Litecoin transactions.
Crypto Casino Stake.com Target of $41.3 Million Hack. Stake.com’s founders are also the subject of a $400 million lawsuit relating the establishment of the company.update: FBI points finger at North Korean Lazarus Hacking Group
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