{"id":83969,"date":"2023-09-04T17:42:06","date_gmt":"2023-09-04T14:42:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83969"},"modified":"2025-09-12T14:35:42","modified_gmt":"2025-09-12T11:35:42","slug":"unknown-actor-withdrew-more-than-40-million-from-stake-wallet","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/unknown-actor-withdrew-more-than-40-million-from-stake-wallet\/","title":{"rendered":"Unknown actor withdrew more than $40 million from Stake wallet"},"content":{"rendered":"<p>The wallet of the Stake betting platform was hacked. The Cyvers Alerts team reported the suspicious transactions.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-09-04-v-17.20.53.webp\" alt=\"Snimok-ekrana-2023-09-04-v-17.20.53\" class=\"wp-image-215027\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/CyversAlerts\/status\/1698690342113931422\">X<\/a>.<\/figcaption><\/figure>\n<p>Analysts said the attacker &#8220;obtained about $16 million in ETH, USDC, USDT and DAI&#8221;. At the time of writing, the Stake team had not responded to messages from Cyvers Alerts and PeckShield.<\/p>\n<p>Latest analyses indicated that the hacker transferred 6,001 ETH, 900,000 DAI, $1.1 million USDC and $3.9 million USDT. They have not yet clarified how the unknown actor managed to hack the wallet.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-09-04-v-17.30.01.webp\" alt=\"Snimok-ekrana-2023-09-04-v-17.30.01\" class=\"wp-image-215028\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1698704431104360668\" title=\"\">X<\/a>.<\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">4 September 2023 | 18:45<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>On-chain analyst going by the pseudonym ZachXBT pointed to a further loss of $25.6 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-09-04-v-18.44.52.webp\" alt=\"Snimok-ekrana-2023-09-04-v-18.44.52\" class=\"wp-image-215037\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1698712407177150729\" title=\"\">X<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">5 September 2023 | 18:27<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Stake co-founder Edward Craven told DL News in an interview that the project had lost about $41 million as a result of the hack. According to him, the platform&#8217;s private keys were not compromised, but the hacker withdrew funds from actively used hot wallets.<\/p>\n<p>The attack was &#8220;sophisticated&#8221; and targeted the transaction authorization service used by the company, Craven said.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The lost funds are by no means trivial, but the incident did not have a material impact on Stake&#8217;s operations,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Some experts noted that in 2022 the platform generated revenue of $2.6 billion.<\/p>\n<\/div>\n<p>From January to August losses to Web3<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\"> Web3<\/a>-platforms from hackers and scammers totaled $1.25 billion, according to<a href=\"https:\/\/immunefi.com\/reports\/\" target=\"_blank\" rel=\"noreferrer noopener\"> Immunefi<\/a>.<\/p>\n<p>Earlier Beosin experts estimated industry losses from hacks and fraud in the first half of the year<a href=\"https:\/\/u1f987.com\/en\/news\/report-crypto-industry-losses-from-hacks-and-scams-total-655-million-in-six-months\"> in $655.6 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The wallet of the Stake betting platform was hacked.<\/p>\n","protected":false},"author":1,"featured_media":83970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44],"class_list":["post-83969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83969"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83969\/revisions"}],"predecessor-version":[{"id":83971,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83969\/revisions\/83971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83970"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}