A crypto casino called Stake has fallen victim to a massive hack, according to on-chain experts Cyvers and ZachXBT.
🚨ALERT🚨Our AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI
All the stable coins are converted to $ETH and distributed to different EOAs.
FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 4, 2023
They revealed that a “private key leak” allowed the hackers to siphon off $16 million from the Ethereum network alone.
But that’s not all.
The hackers also looted another $25.6 million from Polygon and Binance Smart Chain, making the total loss over $40 million.
The hackers then swapped the stolen crypto for ether (ETH) and moved it to different wallets, Cyvers said.
Stake’s wallet, which was breached, still has some funds left, according to Etherscan data. It has $340,000 in ETH and $2.1 million in various altcoins.
However, it seems that the withdrawals from the wallet have been stopped, as many users have reported on Twitter.