The betting site said its Bitcoin (BTC), Litecoin (LTC), and XRP wallets were not impacted but hasn’t yet shared the cause of the exploit or how much was stolen. Stake however confirmed that user funds remain safe.Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets.We are investigating and will get the wallets up as soon as they’re completely re-secured.User funds are safe.BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.— Stake.com (@Stake) September 4, 2023
Recent analysis by blockchain security firm Beosin calculated the total loss to be $41.35 million, which included $15.7 million on Ethereum (ETH), $7.8 million on Polygon (MATIC) and another $17.8 million from the Binance Smart Chain.@Stake has experienced multiple suspicious outflows on #Ethereum, #BSC and #Polygon. ETH: ~$15.7M
Polygon: ~$7.8M
BSC: ~$17.8M
The total funds were ~$41.35M. Stay alert! pic.twitter.com/cKBK3kMeUz— Beosin Alert (@BeosinAlert) September 4, 2023
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: ReportThe first transaction occurred at 12:48 pm UTC, transferring approximately $3.9 million worth of stablecoin Tether (USDT) 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), $900,000 worth of Dai (DAI) and 333 Stake Classic (STAKE) ($75) which is understood to have made up the first $15.7 million on Ethereum.Magazine: How smart people invest in dumb memecoins — 3-point plan for success