cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Cyber Security

Crypto gambling platform Stake loses $41 mn in hacking

IANS by IANS
September 5, 2023
Cybersecurity While Working from Home amid Coronavirus outbreak

San Francisco, Sep 5 (IANS) Hackers have withdrawn nearly $41 million from cryptocurrency gambling site Stake likely via a stolen private key.

Stake confirmed the hacking on X (formerly Twitter), saying that unauthorised transactions were made from Stake’s Ethereum (ETH)/Binance Smart Chain (BSC) hot wallets.

“We are investigating and will get the wallets up as soon as they’re completely re-secured. User funds are safe,” the company informed.

Stake said that other crypto wallets like BTC (Bitcoin), LTC, XRP, EOS, TRX + remain fully operational.

After draining the funds, the alleged attacker distributed them to multiple accounts.

The company’s Co-founder Ed Craven said that “Stake keeps a small portion of its crypto reserves in hot wallets at any given moment for these very reasons,” implying that the losses are a small percentage of the total and will not affect users, reports Cointelegraph.

ADVERTISEMENT

The stolen funds have been converted to ether (ETH) and transferred to several externally owned wallets.

Smart contract auditor Beosin reported that the attack also occurred on other blockchains, including BNB Smart Chain (BSC) and Polygon.

According to Beosin, an additional $7.8 million was lost on Polygon and $17.8 million on BSC, bringing the total losses to more than $41 million, the report mentioned.

Last year, more than $3.7 billion worth of crypto was lost to various hacks and exploits.

Stake is a crypto gambling platform that offers dice games, Blackjack, Lingo and other casino games, as well as sports betting.

IANS

IANS

For any query, [email protected]

Related Posts

Sophos ITDR
Cyber Security

Sophos Launches Identity Threat Detection and Response (ITDR) System to Combat Rising Credential-Based Attacks

October 23, 2025
AWS DNS Glitch Disrupts Major Platforms, Affecting Millions Worldwide
Cyber Security

AWS DNS Glitch Disrupts Major Platforms, Affecting Millions Worldwide

October 20, 2025
agentic AI threats
Cyber Security

Top 10 agentic AI threats, and how to defend against them

October 17, 2025
Your Face, Your Data: The Hidden Risks of Uploading to AI Tools
Cyber Security

Your Face, Your Data: The Hidden Risks of Uploading to AI Tools

October 7, 2025
MENA cybersecurity spending
Cyber Security

MENA Cybersecurity Spending to Surpass $4 Billion by 2026

October 6, 2025
Sophos Advisory Services
Cyber Security

Sophos Launches Advisory Services to Deliver Proactive Cybersecurity Resilience

October 2, 2025
AI Threats
Cyber Security

Survey Reveals 65% of IT Leaders Struggle to Combat AI-Driven Cybercrime Threats

September 19, 2025
AI-Powered Cyber Threats Demand AI-Driven Security
Cyber Security

AI-Powered Cyber Threats Demand AI-Driven Security

September 18, 2025
Load More
ADVERTISEMENT

Latest Updates

Consistent Infosystems launched a new range of multiple USB hubs

Consistent Infosystems launched a new range of multiple USB hubs

by Deepa Sharma
10 hours ago

Infosys Metro Bank

Infosys with Workday to Modernize Metro Bank’s Finance Operations

by Deepa Sharma
12 hours ago

Wipro and HanesBrands

Wipro and HanesBrands Forge Strategic AI Partnership to Transform IT Operations

by News Desk
12 hours ago

Cisco and G42

Cisco and G42 are deepening technology collaboration to build End-to-End AI infrastructure

by Deepa Sharma
17 hours ago

Tech Mahindra and Crosscall

Tech Mahindra and Crosscall Team Up to Deliver AI-led Mobility Solutions Across North America

by Deepa Sharma
18 hours ago

Accenture Unveils Physical AI

Accenture Unveils ‘Physical AI Orchestrator’ to Help Manufacturers Build Software-Defined Facilities

by News Desk
19 hours ago

Expert Views

agentic AI threats
Cyber Security

Top 10 agentic AI threats, and how to defend against them

October 17, 2025
Your Face, Your Data: The Hidden Risks of Uploading to AI Tools
Cyber Security

Your Face, Your Data: The Hidden Risks of Uploading to AI Tools

October 7, 2025
AI in Hiring
Opinion

AI in Hiring: Separating the Hype from Real-World Use Cases

September 19, 2025
Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Jagat Shah, Chairman & CEO of MITSUMI Group
Leaders Talk

Leadership in Emerging Markets: Exclusive Interview with Jagat Shah, Chairman & CEO of MITSUMI Distribution

-
Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-

Entrepreneur

Persistent Gender Bias Clouds Perceptions of Leadership in Tech: Study Finds

Top Leadership Skills Entrepreneurs Need in the Age of AI

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved