Hackers in $41 Million Stake Casino Heist Transfer $328,000 Million in Tokens

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Key Takeaways

  • Hacker reportedly gained access to the private key of Stake’s Binance Smart Chain and Ethereum hot wallets
  • Hackers  shifted $328,000 million worth of Polygon and BNB (BNB) tokens

In the aftermath of the $41 million hack targeting the cryptocurrency casino Stake, the hackers have made fresh moves by transferring approximately $328,000 million worth of Polygon and Binance Coin (BNB) tokens, as reported by blockchain security firm CertiK. These recent transactions mark the latest developments since the initial exploit on September 4th.

The most recent transfer involved 300 BNB tokens, valued at about $61,500, being sent to an externally owned address with the identifier “0x695.” Subsequently, these tokens were bridged to the Avalanche blockchain on September 11th at 4:09 pm UTC. Furthermore, approximately 520,000 MATIC tokens, worth over $266,000, were relocated to Avalanche seven hours earlier, at 7:18 am UTC.

However, it’s important to note that these transfers, totaling $328,000, only represent a small fraction of the total loot. Earlier, the hackers had already managed to bridge $4.5 million in stolen funds to the Bitcoin blockchain on September 7th, according to blockchain security firm Arkham. This sum, while significant, comprises just 1.2% of the total $41 million stolen by the hackers.

The breach, which occurred on September 4th, saw the hackers gain access to the private keys of Stake’s Binance Smart Chain and Ethereum hot wallets. In-depth analysis conducted by blockchain security firm Beosin has calculated the total loss from this attack to be $41.35 million. This figure includes $15.7 million on Ethereum, $7.8 million on Polygon, and an additional $17.8 million from the BNB Smart Chain.

The latest developments in this case coincide with the FBI’s announcement attributing the $41 million cryptocurrency theft from the online casino Stake.com to the North Korea-linked hacking group known as Lazarus. The extent of the theft revealed by cryptocurrency security researcher ZachXBT is staggering, with the hackers making off with approximately $15.7 million in Ethereum and an additional $25.6 million in Binance Smart Chain and Polygon tokens.

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Saniya Raahath
Saniya Raahath

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