Stake reportedly hacked, $15.7m suspiciously moved
Unusual activity has been observed on Stake, a popular crypto-based sports betting and casino platform. Initially flagged by Cyvers Alerts on X, the AI-powered system detected “multiple suspicious transactions” linked to Stake. Transactions totaling roughly $16 million were questionably transferred from Stake.com. ALERTOur 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 The transfer comprised 6,000 Ethereum (ETH), worth roughly $9.8 million, and an additional $5.9 million in stablecoins. While these transactions are still under investigation, some experts believe that they could be linked to a possible security vulnerability in Stake’s wallet infrastructure. Hi @Stake, you...