The first transaction occurred at 12:49pm UTC, resulting in the withdrawal of $3.9m worth of stablecoin Tether from Stake. The withdrawal of $3.9m worth of stablecoin Tether from Stake After draining the funds, the hacker deposited them into several accounts. Of that figure, $15.7m was Ethereum, $7.8m Polygon, and $17.8m BSC.

In the follow-up to the hack, Stake issued an “ emergency compensation refund” for users who lost funds during the exploit to help restore “market sentiment.” How much was stolen?Īccording to blockchain security company Beosin Alert, $41.35m was stolen from Stake’s platform. Stake later confirmed that services had resumed and “deposits and withdrawals are processing instantly for all currencies.” We are investigating and will get the wallets up as soon as they’re completely re-secured.īTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational.- September 4, 2023 Three hours ago, unauthorised tx’s were made from Stake’s ETH/BSC hot wallets.

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