Over $41 million Stolen from A Crypto Betting Site

Over $41 million Stolen from A Crypto Betting Site

By Miles

05 Sep 2023 (about 1 year ago)

1 min read

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Stake, a betting site, faces a possible security issue as over $41 million in digital money unexpectedly leaves its platform.

Stake, a crypto sports betting site,saw a lot of money move out in a strange way, suggesting a big security problem.

At first, experts from Cyvers said $15.7 million left the platform, including 6,000 ether and $5.9 million in other digital coins. Then, ZachXBT found that another $25.6 million was taken from Stake's wallets on different networks: $17.8 million on BNB Chain and $7.8 million on Polygon. In total, over $41 million was taken from different digital wallets. Another security company, Beosin, agreed with these findings.

Experts believe these odd money moves might show a problem with Stake’s security.

Stake,hasn't said anything about this. But they have stopped people from putting in or taking out money for now.

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