Stake.com, an online cryptocurrency casino, recently faced a major security breach as hackers compromised their ETH/BSC hot wallets, resulting in the theft of over $40 million in cryptocurrencies.
The incident has raised concerns about possible state-sponsored involvement, although no conclusive evidence points in that direction as of now.
The platform swiftly reassured its users that their funds were secure, emphasizing that wallets holding BTC, LTC, XRP, EOS, and TRX were unaffected and fully operational during the attack.
However, some users reported difficulties with depositing or withdrawing funds at that time.
Today, Stake.com has announced the full restoration of its services, allowing users to deposit and withdraw in all supported cryptocurrencies once again.
This development comes after blockchain investigators PeckShield and ZachXBT traced the stolen funds, revealing that the hackers made off with $15.7 million in Ethereum and $25.6 million in Binance Smart Chain (BSC) and Polygon.
In total, the heist amounts to a staggering $41.3 million, marking it as one of the most significant crypto thefts in 2023.
While the size of the breach raises suspicions of state-sponsored involvement, investigators have yet to find conclusive evidence in this regard.
Notorious North Korean threat group ‘Lazarus’ has been highly active in the crypto space this year, with a string of high-profile heists.
They orchestrated the theft of $35 million from Atomic Wallet in June, $60 million from Alphapo in July, and another $37.3 million from CoinsPaid, also in July.
Furthermore, the FBI recently warned of Lazarus preparing to cash out $41 million worth of stolen cryptocurrency, citing signs of money laundering and money movement preparation activities.
Stake.com has not disclosed specific details about the security breach. Typically, such incidents result from the compromise of private keys.
However, Ed Craven, the platform’s co-founder, They mentioned that they store only a small portion of their digital currency reserves in hot wallets due to their inherent security risks.
As investigations continue, the crypto community remains vigilant, emphasizing the importance of robust security measures to safeguard digital assets in an increasingly challenging landscape of cyber threats.
