🚨 Lazarus Group Resurfaces: Stake Hot Wallets ~$41M
HashingBits | Week- 36
In brief ⚡
🤧 Popular casino platform stake.com suffered a hack for around $40 Million dollars. FBI warns that it’s that Lazarus Group responsible for that.
Hacks and Scams⚠️
Stake Hot Wallets
Amount of Loss: ~ $40 Million
Analysis
Stake.com's ETH/BSC hot wallets were hacked, resulting in over $40 million in stolen cryptocurrency.
Users' funds in other wallets (BTC, LTC, XRP, EOS, TRX) were unaffected and remained operational.
Services on Stake.com were temporarily halted but have since resumed, allowing users to deposit and withdraw in all currencies.
Blockchain investigators PeckShield and ZachXBT traced the stolen funds to $15.7 million in Ethereum and $25.6 million in Binance Smart Chain and Polygon.
This hack ranks as one of the largest crypto heists in 2023, totalling $41.3 million.
While suspicions of state-sponsored involvement arise due to the scale of the theft, no conclusive evidence has been found, and investigations are ongoing.
The Lazarus group, a North Korean threat actor specializing in crypto heists, has been linked to several high-profile hacks throughout the year, with the FBI monitoring their money laundering and preparation activities.
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