Stake.com confirms hack, denies private key compromise

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This article has been republished with permission from Binance News.

According to Foresight News, Edward Craven, co-founder of cryptocurrency gambling platform Stake.com, confirmed that the platform had been hacked. However, he denied that the vulnerability was due to the hacker controlling its private key. Instead, the attacker was able to make several unauthorized transactions from the platform’s hot wallet. Craven stated that the attack targeted the company’s services used to authorize transactions on Ethereum, Polygon, and BNB Chain. He also mentioned that Stake has now ‘returned to normal and is operating as it was before the attack.’

Previously, Foresight News reported that on-chain analyst ZachXBT claimed that the hacker initially stole nearly $16 million worth of assets on Ethereum, followed by over $25 million worth of assets on BSC and Polygon networks, totaling a loss of more than $41 million.



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