0xScope Research: Tracking the Stake.com Hack

Stake.com, a major online betting platform known as the biggest crypto casino in the world, was recently hacked, affecting $41.3M in funds. The online casino, which earned $2.2 billion in revenue last year and was recently endorsed by rapper Drake, was said to have suffered a “private key leak” that affected its wallets on the Ethereum, BNB Chain, and Polygon blockchains. The $41.3M hack is said to be one of the biggest crypto heists this year. A crypto security firm first sounded the alarm on the exploit, reporting that a certain address received about $16M in ETH, USDC, USDT, and DAI from Stake.com’s hot wallets. The hacked stablecoins were subsequently converted into ETH. Separately, a crypto sleuth shared that another $25.6M was stolen from the casino’s wallets on BNB Chain and Polygon. Using the wallet tracking feature of Scopescan, we take a closer look at how the stolen Stake.com funds were transferred across multiple addresses. We will also talk about the implications of this hack for the crypto gambling industry and other key areas. <h2>Asset Analysis: Where Did the Hacked Stake.com Assets Go?</h2> At around 13:00 UTC on September 4, a huge amount of crypto assets were transferred from Stake.com’s hot wallet to the exploiter’s newly created addresses. According to Scopescan data, the exploit on Stake.com’s funds included tokens like ETH, BNB, MATIC, DAI, USDC, USDT, and LINK. Below, we see one of those transactions involving MATIC tokens. <a href="https://medium.com/@0xscope_labs/0xscope-research-tracking-the-stake-com-hack-f73ffe52270b">Click Here</a>