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Possible hack results in $16M withdrawal from crypto gambling site Stake

Possible hack results in $16M withdrawal from crypto gambling site Stake

The crypto gambling site Stake experienced unusually large withdrawals totaling $16 million on September 4th. These transactions have been labeled as “suspicious” by security platform Cyvers Alerts. The withdrawing account has been named “ Hacker” on Etherscan, suggesting that the funds may have been stolen. The withdrawals included $3.9 million in Tether and $9.8 million in Ether.

Blockchain data reveals that the alleged attacker’s account received these large withdrawals from contracts. The first transaction involved transferring $3.9 million worth of Tether to the attacker’s account, followed by two transactions that removed 6,001 Ether. The attacker then proceeded to remove other tokens, including USD Coin, Dai, and Stake Classic.

After draining the funds, the alleged attacker distributed them to multiple accounts. Stake has not yet made an official statement regarding these suspicious withdrawals.

Stake is a crypto gambling protocol that offers various casino games and sports betting options. This incident is not the first time that crypto gambling sites have been targeted by hackers in 2023. In July, payments provider Alphapo suffered $31 million in suspicious withdrawals, affecting several crypto-gambling sites.

This is an ongoing story, and more information will be provided as it becomes available.


– experienced $16 million in suspicious withdrawals, labeled as “ Hacker” by Etherscan.

– Large amounts of Tether and Ether were withdrawn from contracts.

– The alleged attacker distributed the funds to multiple accounts.

– Stake has not issued an official statement regarding the incident.

– This is not the first instance of crypto gambling sites being targeted by hackers in 2023.

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