Stake.com Hacked for $41 Million

Leading crypto casino Stake.com has been a target of a crypto hack which resulted in a total loss around $41 million. The heist forced Stake to briefly suspend all deposits and withdrawals, which has now been resumed.

The hack has been discovered first by the crypto security firm Cyvers, as they detected irregular transactions with Stake.com’s hot wallet. The firm reported that the stolen funds have been converted to Ether (ETH) and transferred to multiple wallets. The hack seems to have spanned few hours, during which the hackers managed to transfer millions in fragments.

What did Stake say?

Stake.com has posted on their X account, confirming the hack while assuring its customers that their crypto funds are 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

About Stake.com

Founded in 2017, Stake.com steadily asserted itself as one of the biggest online casinos. They offer one of the most competitive crypto sports betting, while being one of the most reliable crypto casinos out there with their Provably Fair games and impeccable customer service.

In the past years, Stake has announced sensational sponsorship deals with prominent figures from various sports. To name a few; Argentinian footballer Sergio Agüero, UFC fighter Israel Adesanya, and Canadian rapper Drake are Stake’s official brand ambassadors.

As well as being the main sponsor of Everton Football Club, earlier this year Stake has announced a multi-year partnership with the Alfa Romeo F1 Team, cementing its position on Formula 1.

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