40 million dollars in ETH, USDC, USDT and DAI were withdrawn from the virtual casino.
All stolen stablecoins are converted into ETH and distributed to different wallets.
More than $40 million has been stolen from bitcoin and cryptocurrency virtual casino Stake.com, alert services reported on Monday, September 4.
CyverAlerts’ artificial intelligence-based alert system, reported via X (formerly Twitter) the detection of “multiple suspicious transactions” related to Stake.com. This is a betting platform attended by various entertainment and sporting public figures.
According to CyverAlerts, an Ethereum address received nearly $16 million in Ether (ETH), Ethereum’s cryptocurrency, as well as stablecoins USD Coin (USDC), USD Tether (USDT), and DAI (DAI).
The alert system indicates that all stablecoins have been stolen from Stake.com will be converted to ETH. In addition, they are distributed to various Ethereum wallet addresses.
Stolen funds were routed to a decentralized exchange
As the block explorer Ethereum Etherscan shows, the wallet is accused of being involved in the attack on the casino Stake.com sample the hundreds of cash outflow movements in various crypto assets.
In fact, the stolen funds are forwarded to the wallets, which are subsequently used They send the funds to the Uniswap decentralized exchange. At the end of this article, this wallet only contains a little over 0.10 ETH, which is around 270 USD. The rest of the assets have already been withdrawn.
Sending the funds to Uniswap is a sign that the cryptocurrencies stolen from Stake.com could be exchanged for any other asset, even fiat money. making potential asset recovery more difficult.
It was noted that alongside the outflow of $16 million in ETH and other stablecoins as well also the attack on Stake.com derived in another $25.6 million theft. These were paid off via the BNB Smart Chain and Polygon.
Although the attack on Stake.com from the platform has already gone viral on social media They have not yet published any official statement or statement on the matter. There are no messages on this subject in his X account yet, including his blog.
CryptoNews tried Contact Stake.com for more details on the attack. but at the end of this article there was no answer at the casino.
Stake.com is a Bitcoin and cryptocurrency sports betting and casino gaming platform that is growing in importance in the ecosystem. Among other things, they participate in this Characters like soccer player Kun Agüero and rapper Drake.