Crypto Casino Stake.com Allegedly Hit By $40M Security Breach — Here's What Happened
Portfolio Pulse from Mehab Qureshi
Online casino and sportsbook Stake.com has reportedly suffered a security breach resulting in a loss of around $40 million. The breach was detected by on-chain cybersecurity firm Cyvers, which noticed unusual transactions from Stake.com’s Ethereum wallets. The affected cryptocurrencies include Ethereum (ETH), USD Coin (USDC), Tether (USDT), and DAI. Stake.com has acknowledged unauthorized transactions from their Ethereum and Binance Smart Chain hot wallets, but assures that user funds are safe.
September 05, 2023 | 5:32 am
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NEGATIVE IMPACT
DAI was one of the cryptocurrencies involved in the security breach at Stake.com.
The security breach at Stake.com involved DAI, which could negatively impact investor confidence and potentially lead to a short-term decrease in the price of DAI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum was one of the cryptocurrencies involved in the security breach at Stake.com.
The security breach at Stake.com involved Ethereum, which could negatively impact investor confidence and potentially lead to a short-term decrease in the price of Ethereum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
USD Coin was one of the cryptocurrencies involved in the security breach at Stake.com.
The security breach at Stake.com involved USD Coin, which could negatively impact investor confidence and potentially lead to a short-term decrease in the price of USD Coin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tether was one of the cryptocurrencies involved in the security breach at Stake.com.
The security breach at Stake.com involved Tether, which could negatively impact investor confidence and potentially lead to a short-term decrease in the price of Tether.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80