Stake, a crypto betting platform, was hacked to the tune of $41.3 million, according to blockchain security firms. The platform was able to resume services only five hours after the incident. Stake confirmed that user funds remain safe and that their Bitcoin, Litecoin, and XRP wallets were not impacted. Analysis by Beosin calculated the total loss to be $41.35 million, which included $15.7 million on Ethereum, $7.8 million on Polygon, and another $17.8 million from the Binance Smart Chain. The first transaction occurred at 12:48 pm UTC, transferring approximately $3.9 million worth of stablecoin Tether from Stake to the attacker’s account. The next two transactions removed over 6,000 Ether, worth approximately $9.8 million at the current prices. The attacker continued to remove tokens over the next few minutes, including about $1 million in USD Coin, $900,000 worth of Dai, and 333 Stake Classic ($75).

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	9
People	Tether, PeckShield, Dai, ZachXBT, Beosin
Companies	Binance Smart Chain, Tether, PeckShield, Stake, Dai, Polygon, USD Coin, Beosin
Currencies	Tether, US Dollar, Dai, STAKE, Ethereum
Securities	None