Security firm Cyvers Alerts has identified and flagged suspicious withdrawals totaling $16 million from the cryptocurrency gambling platform Stake. The cryptocurrencies involved in the withdrawals include USDT, ETH, DAI, USDC, and STAKE. This incident follows similar erroneous withdrawals seen by payment services provider Alphapo on July 23.

Withdrawal Details

Etherscan has designated the withdrawing account as a “Stake.com Hacker,” indicating that the funds may have been stolen through a stolen private key. Blockchain evidence reveals that the attacker transferred $3.9 million worth of USDT, $9.8 million worth of ETH, $900,000 worth of DAI, 333 STAKE worth $75.48, and $1 million in USDC to their own account.

The stolen funds were then split among multiple accounts.

Previous Crypto Gambling Site Hacks

This incident is not the first time that cryptocurrency gambling sites have been targeted in 2023. In July, Alphapo, a payments services provider, experienced $31 million in erroneous withdrawals. Other gambling websites, such as Hypedrop, Bovada, and Ignition, also used Alphapo as a supplier.

Stake’s Response

As of the time of publication, Stake has not released a statement regarding the suspicious withdrawals.

FAQs

1. What is Stake?

Stake is a cryptocurrency gambling platform that offers dice games, blackjack, lingo, and various casino games. It also allows sports betting for basketball, tennis, volleyball, and other sports.

2. What cryptocurrencies were involved in the suspicious withdrawals?

The suspicious withdrawals from Stake involved USDT, ETH, DAI, USDC, and STAKE cryptocurrencies.

3. Are there any other incidents of similar hacks?

Yes, there have been previous incidents of cryptocurrency gambling site hacks in 2023. Alphapo, a payment services provider, experienced $31 million in erroneous withdrawals on July 23.

4. Has Stake responded to the suspicious withdrawals?

As of now, Stake has not released a statement regarding the suspicious withdrawals.

5. How were the stolen funds distributed?

The alleged attacker split the stolen funds among multiple accounts.

6. How did Cyvers Alerts identify the suspicious withdrawals?

Security firm Cyvers Alerts flagged the suspicious withdrawals from the Stake platform.

7. Can the stolen funds be recovered?

It is unclear whether the stolen funds can be recovered. Investigations into the incident are likely underway.

Summary

Security firm Cyvers Alerts has raised concerns about suspicious withdrawals totaling $16 million from the cryptocurrency gambling site Stake. The funds were withdrawn in various cryptocurrencies, including USDT, ETH, DAI, USDC, and STAKE. This incident follows previous similar hacks in the cryptocurrency gambling industry. Stake has not yet released a statement regarding the suspicious withdrawals.