{"id":288187,"date":"2023-09-05T02:39:08","date_gmt":"2023-09-05T07:39:08","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=288187"},"modified":"2023-09-06T19:20:24","modified_gmt":"2023-09-07T00:20:24","slug":"online-gaming-platform-stake-com-loses-40-million-in-hack","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/","title":{"rendered":"Online Gaming Platform Stake.com Loses $40M in Hack"},"content":{"rendered":"<p>Stake.com, the cryptocurrency sports betting and casino gaming platform where the <a href=\"https:\/\/www.casino.org\/blog\/drakes-latest-bets\/\">rapper Drake<\/a> routinely drops million-dollar bets, has become the target of a million-dollar heist. It is the latest victim of hackers that resulted in the loss of over $41 million in cryptocurrency.<\/p>\n<figure id=\"attachment_288186\" aria-describedby=\"caption-attachment-288186\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-post-thumbnail-858xAUTO wp-image-288186\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1-858x520.jpg\" alt=\"Neal Maupay of Stake.com-backed Everton FC on the soccer field\" width=\"858\" height=\"520\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1-858x520.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1-430x261.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg 963w\" sizes=\"(max-width: 858px) 100vw, 858px\" \/><figcaption  id=\"caption-attachment-288186\"class=\"text-description\">Neal Maupay of Stake.com-backed Everton FC on the soccer field. Stake.com has suffered a hack that led to $40 million in cryptocurrency theft. (Image: Shutterstock)<\/figcaption><\/figure>\n<p>The attack was initially made public via X (the social media platform formerly known as <a href=\"https:\/\/www.casino.org\/news\/odds-for-next-twitter-ceo-could-see-a-change-up-as-mrbeast-shows-interest\/\">Twitter<\/a>) via digital security company Cyvers Alerts. It revealed that the hack was because of a private key leak, adding that it could monitor the hack in real-time.<\/p>\n<p><strong>The theft reportedly hit the <a href=\"https:\/\/www.casino.org\/news\/gambling-content-helps-kick-close-the-gap-in-race-with-twitch\/\">Kick backer\u2019s<\/a> holdings only \u2013 not user funds. However, Stake.com turned off withdrawals shortly after it became aware of the attack, restoring them a few hours later.<\/strong><\/p>\n<p>The account that withdrew the funds has been labeled as &#8220;Stake.com Hacker&#8221; by Etherscan. The first theft occurred just before 1 p.m. Monday when the hacker(s) transferred approximately $3.9 million of the stablecoin Tether (USDT). Two other transactions for 6,001 Ethereum (ETH), approximately $9.8 million, also occurred.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Three hours ago, unauthorised tx\u2019s were made from Stake\u2019s ETH\/BSC hot wallets.<\/p>\n<p>We are investigating and will get the wallets up as soon as they\u2019re completely re-secured.<\/p>\n<p>User funds are safe.<\/p>\n<p>BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.<\/p>\n<p>&mdash; Stake.com (@Stake) <a href=\"https:\/\/twitter.com\/Stake\/status\/1698746766076588057?ref_src=twsrc%5Etfw\">September 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Big Losses<\/h2>\n<p>The hacker(s) later withdrew $1 million in USD Coin (USDC), $900,000 in Dai (DAI), and 333 Stake Classic \u2013 the latter&#8217;s value was less than $100. The hacker(s) then distributed the funds across various accounts.<\/p>\n<p><strong>A report from Beosin, a security firm, estimated the total loss to be $41.3 million, which included $15.7 million on the <a href=\"https:\/\/www.casino.org\/news\/gaming-operators-suffer-in-31m-hack-of-cryptocurrency-payments-platform\/\">Ethereum blockchain<\/a> and $7.8 million on Polygon. Another $17.8 million from the Binance Smart Chain was also lost.<\/strong><\/p>\n<p>Stake.com resumed services for users about five hours after halting its activity. It said on social media that Bitcoin, Ripple and Litecoin wallets were unaffected.<\/p>\n<h2>Blockchain Security<\/h2>\n<p>Most cryptocurrencies operate on public blockchains, meaning all transactions are recorded on a decentralized and transparent ledger. While these transactions are pseudonymous, they can still be traced through addresses.<\/p>\n<p>Exchanges and blockchain analysis firms use sophisticated techniques to cluster multiple addresses together, often called &#8220;address clustering.&#8221; This helps them determine which addresses are controlled by the same entity, accomplished by analyzing transaction patterns, common input ownership, and other heuristics.<\/p>\n<div class=\"callout\">\n<p>Blockchain analytics companies like Chainalysis and Elliptic provide specialized tools and services to trace cryptocurrency transactions. They gather and analyze data from various sources to track the movement of stolen funds. These tools can uncover patterns, commonalities, and potential connections among addresses involved in the hack.<\/p>\n<\/div>\n<p>In some cases, hackers may use privacy-centric cryptocurrencies like Monero or employ mixing services to obfuscate the origin of stolen funds. While this makes tracing more challenging, it&#8217;s not impossible. Some blockchain analysis tools are adapting to track privacy coins, and law enforcement agencies are increasingly focusing on this area.<\/p>\n<p>Beosin recently reported that $656 million in crypto was lost through various scams, hacks, and rug pulls in the year&#8217;s first half. This is only 34% of the $1.91 billion reported in the first six months of 2022. It added that 45.5% of the assets had been recovered \u2013 only 8% was recovered a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stake.com, the cryptocurrency sports betting and casino gaming platform where the rapper Drake routinely drops million-dollar bets, has become the target of a million-dollar heist. It is the latest victim of hackers that resulted in the loss of over $41 million in cryptocurrency. The attack was initially made public via X (the social media platform [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":288186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24066,33810,19],"tags":[81892,82205,87847],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org<\/title>\n<meta name=\"description\" content=\"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T07:39:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-07T00:20:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"963\" \/>\n\t<meta property=\"og:image:height\" content=\"584\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/\",\"url\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/\",\"name\":\"Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg\",\"datePublished\":\"2023-09-05T07:39:08+00:00\",\"dateModified\":\"2023-09-07T00:20:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg\",\"width\":963,\"height\":584,\"caption\":\"Neal Maupay of Stake.com-backed Everton FC on the soccer field. Stake.com has suffered a hack that led to the theft of $40 million in cryptocurrency. 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His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org","description":"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/","og_locale":"en_US","og_type":"article","og_title":"Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org","og_description":"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.","og_url":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-09-05T07:39:08+00:00","article_modified_time":"2023-09-07T00:20:24+00:00","og_image":[{"width":963,"height":584,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg","type":"image\/jpeg"}],"author":"Erik Gibbs","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Erik Gibbs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/","url":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/","name":"Online Gaming Platform Stake.com Loses $40M in Hack - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg","datePublished":"2023-09-05T07:39:08+00:00","dateModified":"2023-09-07T00:20:24+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca"},"description":"Online gaming platform Stake.com loses $40 million in hack, although it said that no user funds were stolen.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/online-gaming-platform-stake-com-loses-40-million-in-hack\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/Neal-Maupay-of-Stake.com-backed-Everton-FC-on-the-soccer-field-1.jpg","width":963,"height":584,"caption":"Neal Maupay of Stake.com-backed Everton FC on the soccer field. Stake.com has suffered a hack that led to the theft of $40 million in cryptocurrency. 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