Crypto casino Stake reopens withdrawals just 5 hours after M hack

Cryptocurrency gambling platform Stake reopened deposits and withdrawals and restored service to users just five hours after it was hacked for $41.3 million, according to blockchain security firm estimates.

Stake confirmed that all services had resumed at 9:28PM UTC on September 4, a few hours after the platform confirmed multiple unauthorized transactions on Stake’s ETH/BTC hot wallet:

The gambling site said its Bitcoin (BTC), Litecoin (LTC) and XRP wallets were not affected, but has not disclosed the cause of the breach or the amount stolen. However, Stake confirmed that user funds remain safe.

A recent analysis by blockchain security firm Beosin calculated a total loss of $41.35 million, including $15.7 million for Ethereum (ETH), $7.8 million for Polygon (MATIC), and $17.8 million for Binance Smart Chain.

an earlier one estimate The $15.7 million for blockchain security firm PeckShield does not count towards the $25.6 million that BSC and Polygon allegedly lost, according to On-chain analyst ZachXBT.

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first transaction occur At 12:48 PM UTC, approximately $3.9 million worth of stablecoin Tether (USDT) was transferred from Stake to the attacker’s account.next two transactions deleted Over 6,000 ETH, worth approximately $9.8 million at current prices.

The attackers continued to delete tokens over the next few minutes, including approximately $1 million in USD Coin (USDC), $900,000 worth of Dai (DAI), and 333 Stake Classic (STAKE) ($75), which is understood to be , which constitutes the initial $15.7 million in Ethereum.

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