USDC - Crypto Casino Stake.com Allegedly Hit By $40M Security Breach — Here's What Happened | Benzinga
Stake.com, an online casino and sportsbook founded in 2017 by Bijan Tehrani and Ed Craven, has recently become the target of an alleged security breach, purportedly resulting in a loss of around $40 million.
What Happened: On-chain cybersecurity firm Cyvers detected unusual transactions emanating from Stake.com’s Ethereum wallets on Monday.
🚨ALERT🚨Our AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in and — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 4, 2023
All the stable coins are converted to and distributed to different EOAs.
FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm
Ethereum (CRYPTO: ETH) and stablecoins USD Coin (CRYPTO: USDC), Tether (CRYPTO: USDT), and DAI (CRYPTO: DAI), were subjected to suspicious transfers, which were subsequently converted ...