Crypto Updates

Hackers Target Crypto Gambling Platform: Stake.com Lost $41 Million

Hacking

Crypto gambling site Stake.com has fallen to be the latest victim of cyber criminals as about $41 million in cryptocurrencies were siphoned off from the platform in transactions labeled as “suspicious outflows”

Stake confirmed unauthorized transactions from its Ethereum and Binance Smart Chain hot wallets. However, it did not detail any of these suspicious activities.

“Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets,” Stake tweeted.

About $41 Million in Crypto Was Drained

According to the on-chain analyst Cyvers, $16 million in cryptocurrencies were drained from the Ethereum network following a “private key

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