Attackers managed to make transactions from <button class="define-target" id="hot-wallet">hot wallets</button> operated by the Stake betting platform, stealing approximately $15.7&nbsp;million from their Ethereum wallet and around $25.6&nbsp;million from BSC and Polygon. Blockchain analysis project Cyvers attributed the theft to a <button class="define-target" id="private-key">private key</button> leak, though Stake co-founder Edward Craven later denied that. Craven claimed that the attack was achieved through a "sophisticated breach" targeting a service the company uses to approve transactions.<p>Stake acknowledged the attack on their Twitter account, writing that "We are investigating and will get the wallets up as soon as they're completely re-secured."</p><p>Stake is an Australia-based cryptocurrency casino and sports betting platform that has enjoyed endorsements from various celebrities, and which shelled out $100&nbsp;million in 2022 for an endorsement deal with Drake.</p><p>On September 6, the FBI announced that they believed the <a href="https://web3isgoinggreat.com/?collection=lazarus" target="_blank">Lazarus Group</a> was behind the theft. Lazarus is a group of North Korean state-sponsored hackers allegedly responsible for crypto hacks totaling hundreds of millions of dollars.</p>

"Crypto Casino Stake Targeted in Reported $40M Exploit"

Archived tweet

Tweet by zachxbt:

Tweet #1

Links: