The House Loses: Crypto Casino Stake Allegedly Hit In $40 Million Exploit
Stake, an Australian crypto casino renowned for the integration of crypto assets into gambling, has fallen victim to a recent alleged exploit. On-chain analysis firm Cyvers revealed that a jaw-dropping $16 million was siphoned off from the Ethereum network due to a “private key leak.” The suspicious nature of the transfers, involving the swap of […]
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An former partner of Stake.com who claims he was excluded from the wildly successful company is suing the Australian creators of the largest bitcoin casino in the world in the US for $US400 million in damages. However, the creators of Stake.com, Ed Craven and Bijan Tehrani, who just bought the most expensive home in Melbourne, […]
ChainSwap has experienced another exploit in what has turned out to be a terrifying month for the exchange. The platform which acts as a bridge for assets had succumbed to an exploit earlier this month, and now, only eight days later, ChainSwap has succumbed to another exploit. This time, the attacker made away with $8 […]
On Monday, August 4, 2023, one of the world’s leading crypto casinos Stake, owned by Australian Billionaire Ed Craven, reportedly experienced a massive $41 million hack across several blockchains. Stake’s Alleged $41 Million Hack The platform which allows users to deposit, bet on sports games, and play games with cryptocurrencies, experienced several unusual transactions which […]
Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore token, which allowed the minting of 4.5 billion zabu that were successfully withdrawn from the platform, taking the value of the currency to 0.
Zabu Finance Suffers First Big Avalanche Hack
Zabu Finance, a yield farm decentralized protocol built on top of the Avax....
Five US states issued simultaneous cease-and-desist orders against an allegedly Russian-affiliated metaverse casino on Wednesday. Five state securities regulators issued emergency orders to the Flamingo Casino Club, a virtual casino, to immediately stop selling non-fungible tokens. The simultaneous filings by agencies in Texas, Wisconsin, Kentucky, Alabama, and New Jersey accuse the Flamingo Casino of launching […]