To date, there has only been one major Stake.com hack to speak of, which occurred in September 2023. In total, an estimated $41 million was taken from the crypto casino’s blockchain wallets.
Fortunately, Stake reported that this did not affect any of their players’ funds, and no other reports or claims appear to contradict this. Still, there are some alarm bells to be raised and lessons to be learned to give you peace of mind when betting online. So read on below to find out more.
In September 2023, Stake.com, a cryptocurrency online casino and sports betting site was the subject of a hack. An approximate total of $41 million was taken from the company’s blockchain wallets.
Here’s a breakdown of what happened:
- The money was taken via anonymous transactions on the Ethereum blockchain
- An estimated $16 million was stolen from Stake.com’s Ethereum accounts
- A further $25 million was taken from the company’s Binance Smart Chain (BSC) and Polygon accounts
| Site: | Stake.com |
| Date: | September 2023 |
| Total funds stolen (Estimated): | $41 million |
| Type of hack (Suspected): | Compromised private keys |
| Suspected culprits: | North Korea (Unconfirmed) |
A breakdown of funds stolen
As we explained above, Stake.com was attacked and stolen in three areas because the private keys on their hot wallets were compromised. We’ll go into this in a bit more detail below. For now, here’s a bit more detail on the sequence of the Stake.com hack and exactly what funds were stolen.
Ethereum – $15.7 million
The first things that were attacked were Stake.com’s Ethereum hot wallets. Here’s a breakdown of the assets taken:
- 6,001 ETH
- 3.9 million USDT
- 1.1 million USDC
- 900,000 DAI
Binance Smart Chain (BSC)
Here’s what was taken from the BSC hot wallets:
- 12,000 BNB
- 7.35 million BSC-USD
- 1.8M USDC
- 2100 ETH
- 1.3M BUSD
- 83.9B SHIB
- 40K LINK
- 300K MATIC
Polygon
Last but not least, here’s what the hackers took from the Polygon accounts:
- 70,000 DAI
- 4.22 million USDT
- 1.78 million USDC
- 3.25 million MATIC
Stake live casino games
Stake mobile casino
The attack was the result of private keys being compromised, rather than a large-scale
Stake.com crash
or digital break-in. In layman’s terms, either an inside or outside attacker got hold of passcodes to enter these accounts.
As a result, the hack was detected by the suspicious account activities being flagged up. Large quantities of money was being transferred from Stake.com’s accounts into the hacker’s, so someone was bound to notice.
Where did the money go?
After the money was transferred to the hacker’s account, some of it was quickly laundered by converting the stolen crypto into BTC. However, estimates suggest that just 72 BTC has been laundered while the rest remains in the attacker’s hot wallet.
Stake.com’s response to the hack
Stake took five hours to publicly acknowledge that the hack had taken place. However, account holders were informed that the site was down for maintenance around two or three hours after the attack.
In their public statement, Stake.com was quick to assure that none of their user’s funds had been compromised.
Basically, we have learned that the blockchain technology protecting crypto funds is very safe from hacking. This hack was a case of compromised private keys in all likelihood.
The main lesson to learn is that accounts and wallets with large amounts of funds should not be protected by a single private key. The more layers of protection, the better.
Main lesson you can learn: Protect your funds online with as many layers and protocols as possible
The main thing to take away from this is that no player funds were stolen or put at risk here. Therefore, it is still a safe site and we wouldn’t let this put you off of playing at this crypto casino.
Still, if you want to explore other options, you can check out the best
Stake.com alternative
casinos and sportsbooks online here.
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| Site: | Stake.com |
| Welcome bonus: | 200% up to $2,000 |
| Promo code: | GAMELANDGG |
Moving away from the Stake.com hack and onto lighter matters, let’s take a look at the main advantages and disadvantages of the site itself:
Stake.com Hack
- Exclusive welcome offer
- 4,000+ casino games
- Plenty of sports betting markets
- Exclusive provably fair games
- Restricted in some regions
While not an insignificant hack by any means, this shouldn’t be too alarming for you as a player. It looks like it was conducted by someone getting their hands on account codes rather than a software or hardware hack.
The bottom line is that no player funds were affected. Still, you should make sure to protect your funds and accounts with 2FA, a secure password and as many other layers of protection as you can find.
Yes, Stake.com, the crypto gambling site, was hacked in September 2023 and an estimated $41 million was stolen. You can read more about the hack and the lessons learned here at Gameland.gg.
❓ Did North Korea steal from Stake.com?
$41 million was stolen from Stake.com’s Ethereum, BSC, and Polygon accounts. The FBI suspects that it was a North Korean group who were responsible, but to date, nothing has yet been 100% proven.
🤨 What happened to Stake.com?
Stake.com was hacked in September 2023 for $41 million, but player funds were not stolen. To find out more and to discover the latest
Stake.com free money
bonuses, head to Gameland.gg.
