Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.
Stake confirmed that all services resumed at 9:28 pm UTC time on Sept. 4 — a few hours after the platform confirmed that several unauthorized transactions were made on Stake’s ETH/ BSC hot wallets:
The betting site said its Bitcoin BTC $96,097, Litecoin LTC$128.42 , and XRP $2.58 wallets were not impacted but haven’t yet shared the cause of the exploit or how much was stolen. Stake confirmed, however, that user funds remain safe.
An earlier estimate of $15.7 million by fellow blockchain security firm PeckShield didn’t account for the $25.6 million allegedly lost on BSC and Polygon, according to on-chain analyst ZachXBT.
Related: Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
The first transaction occurred at 12:48 pm UTC, transferring approximately $3.9 million worth of stablecoin Tether USDT $0.9998 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 USDC $1.00, $900,000 worth of Dai DAI $1.00 and 333 Stake Classic (STAKE) ($75), which is understood to have made up the first $15.7 million on Ethereum.
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