Stake[.]com Suffers Massive Ethereum, USDT, & Matic Exploit
With the growing popularity of online gambling and casinos in the crypto industry, Stake.com, the premier sports betting website, is a prominent name. Stake.com made headlines when it signed hip-hop sensation Drake in a $100 million-a-year deal. The gambling platform is also the official sponsor for the Premier League’s football club Everton and the F1 Racing team of Alpha Romeo. advertisement How Much Did Stake.com Lose In The Exploit? According to the post by Cvyers, Stake.com, was hit with an exploit of around $15 million, which included Ethereum, USDC, and USDT. Cyber’s report also stated that all the exploited stablecoins were first converted into Ethereum and then transferred to several externally owned accounts (EOA.) However, if we look closer at the number of transactions during the exploit on the Arkham platform, Cyvers’s AI could not detect the large sum of Polygon and BNB chain assets siphoned in the exploit. Most of the wallets ...