On September 4, withdrawals totaling $16 million from the bitcoin gaming site Slake were highlighted by safety organisation Cyvers Alerts as “suspicious transactions.” The money may have been taken as a result of a stolen personal key, according to Etherscan’s identification of the withdrawing account as a “Stake.com Hacker”.
How the money was taken out of Stake
Blockchain evidence shows incredibly important withdrawals from Stake.com contracts into the account of the alleged attacker. The first transaction, which took place at 12:48 pm, involved the transfer of Tether (USDT) worth $3.9 million from Stake to the attacker’s account. 6,001 Ethereum (ETH) were exchanged in two separate transactions for a total cost of $9.8 million. The hacker carried on after that. He or she persisted in stealing tokens worth $900,000 in Dai (DAI), $75.48 in 333 Stake Basic (STAKE), and around $1 million in USD Coin (USDC).
Hacking of crypto-gaming websites
As of the time of publication, Stake has not yet issued a press release on the dubious withdrawals. Through the cryptocurrency gambling protocol Stake, you may find Cube games, Blackjack, Lingo, and other casino games, as well as sports betting for basketball, tennis, volleyball, and other sports.
It’s possible that hackers have already targeted bitcoin gambling websites before 2023. On July 23, $31 million in erroneous withdrawals were made by Alphapo, a distributor of cash to businesses. Some of the bitcoin gambling websites that used Alphapo as a service include Hypedrop, Bovada, and Ignition.