Security News > 2023 > September > Crypto casino Stake.com loses $41 million to hot wallet hackers
Online cryptocurrency casino Stake.com announced that its ETH/BSC hot wallets had been compromised to perform unauthorized transactions, with over $40 million in crypto reportedly stolen.
The threat group was linked to the theft of $35 million from Atomic Wallet in June, $60 million from Alphapo in July, and another $37.3 million from CoinsPaid also in July.
Late last month, the FBI warned of the North Korean hacking group readying to cash $41 million worth of stolen cryptocurrency, with the law enforcement agency observing various signs of money laundering and money movement preparation activity.
The platform's co-founder Ed Craven said that only a small portion of its digital currency reserves are kept in hot wallets due to their inherent risks.
New BitForge cryptocurrency wallet flaws lets hackers steal crypto.
Lazarus hackers linked to the $35 million Atomic Wallet heist.
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