The FBI asserts that the Stake.com hack was carried out by North Korea

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Stake.com FBI North Korea

The FBI blamed the North Korean government for a hack of online gambling site Stake.com that resulted in $41 million being stolen. On September 4, a breach was reported at Bovada. The gambling news site Gambling911.com was among the first to report the story after it emerged on a handful of crypto-focused news sites.

The Drake-endorsed site, which suspended all deposits and withdrawals for several hours on Monday, appeared to be business as usual by Tuesday evening.

Crypto security firm Cyvers flagged multiple irregular transactions linked to Stake.com’s hot wallet after identifying a breach in their system.

Stake.com is not regulated in the United States to take bets, but the company is linked to popular streaming platform Kick.

The U.S. domestic intelligence agency said on Wednesday that cyber criminals had stolen funds from a platform by transferring them to 33 addresses spread across Bitcoin [BTC], Ethereum [ETH], Polygon [MATIC] and Binance Chain [BNB].

Before the Stake.com breach, Lazarus was involved in a theft of $60 million from Alphapo, an online payment provider for cryptocurrencies; and CoinsPaid, another company that handled payments for digital currencies.

Alex Parkers
Alex Parkers - Article author
Alex has 7 years of experience writing articles in the field of sports and casino betting. He has a lot of experience in betting and analysis.
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