Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 176.

piebeyb

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Quote from: o48o on September 05, 2023, 05:34:01 AM

Quote from: Crypt0Gore on September 05, 2023, 04:45:30 AM

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What's mind-disturbing is Stake is pretending like everything is fine when nothing is fine, their tweet on Twitter is nonsense and they are receiving negative responses from their customers already.
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This could be end for smaller casinos, but i think it's hard for people to grasp the size of stake and amount of volume that goes trough stake.

Just in comparison: Stake made around $2.6 billion in revenue in 2022. $40M is 1.5% from that. I am sure that they didn't even need to open their emergency fund for this

So it's not a problem when one puts things in a perpective.

I think it's a very competitive business so to see a big casino having hacking problems and losing money will make a lot of people working from other casinos come to discuss the problem as if it's a very big case, even though it has been explained that all funds are safe and I think indeed people who come to this thread discuss that they don't see how Stake spends money on promotions and campaigns alone maybe very big, so why are they getting busy here because of this problem, I'm sure this problem will be the right material to drop Stakes. but that's in vain

Maybe if it's a small casino I'm sure the casino will go bankrupt and won't operate anymore, they probably don't know Stake that much or have never visited Stake, so I'm just the one laughing in the back when people discuss this hack like it's a big deal while Stake's side already said that all users' money is safe, as you said it is not worth it Grin

o48o

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Quote from: Crypt0Gore on September 05, 2023, 04:45:30 AM

-cut-
What's mind-disturbing is Stake is pretending like everything is fine when nothing is fine, their tweet on Twitter is nonsense and they are receiving negative responses from their customers already.
-cut-

This could be end for smaller casinos, but i think it's hard for people to grasp the size of stake and amount of volume that goes trough stake.

Just in comparison: Stake made around $2.6 billion in revenue in 2022. $40M is 1.5% from that. I am sure that they didn't even need to open their emergency fund for this

So it's not a problem when one puts things in a perpective.

ultrloa

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Quote from: TopTort777 on September 05, 2023, 03:27:32 AM

Quote from: Kakmakr on September 05, 2023, 01:06:38 AM

On the topic of the $40 000 000 that were hacked from Stake.... guess who is going to pay for those losses. (Expect a crazy RTP for a while folks) Roll Eyes

I believe they've got kind of a money pillow for such case, like SAFU in Binance Cheesy

Or they will just decrease budget for their promotions and that is it. Anyway, I sure that they are not totally newbies in crypto industry and would do their best to catch that guy who has got different kind of jackpot worth 41 millions Cheesy

The most important is that users did not lose their balances and withdrawals are open. That theft act is casinos headache, not users.

Not losing the costumers fund is the most important thing there and for question who will pay for those losses.I guess that maybe a charge for being relax on their security and now they are waken up that no system is safe after all measures they do. Provably they might spend more to strengthen up their security and I guess the budget for marketing will decreased due to this incident.

Crypt0Gore

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I have been following information regarding this Stake hack and all I can say is those hackers are not small time hackers, they are professionals, the way they move the funds is mind blowing, they know what they are doing.

I think the North Korea hackers aka the Lazarus Group are back in business, this group have been behind series of hacks in crypto space this year and years back, this is just what I think about, but the truth still remains, we don't know who is truly responsible for this hack.

What's mind-disturbing is Stake is pretending like everything is fine when nothing is fine, their tweet on Twitter is nonsense and they are receiving negative responses from their customers already.

I am afraid that this will continue to be the major step back for crypto, as none hacks have been happening with Fiat like how it's been happening with crypto, it's disturbing, something that could set back crypto mass adoption.

Bureau

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As per their statement on X.com the attack happened on ETH/BSC hot wallet. Which I am assuming that are deposit of users. They do claim that user funds are secured which means users would get thier cryptos back from their reserved wallet. That is expected from a big online casino like them. Now, question is can they get those funds back from the hacker. In most cases these are inside job and the way they are again business as usual they might already know how to get those funds back.

TopTort777

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Quote from: Kakmakr on September 05, 2023, 01:06:38 AM

On the topic of the $40 000 000 that were hacked from Stake.... guess who is going to pay for those losses. (Expect a crazy RTP for a while folks) Roll Eyes

I believe they've got kind of a money pillow for such case, like SAFU in Binance Cheesy

Or they will just decrease budget for their promotions and that is it. Anyway, I sure that they are not totally newbies in crypto industry and would do their best to catch that guy who has got different kind of jackpot worth 41 millions Cheesy

The most important is that users did not lose their balances and withdrawals are open. That theft act is casinos headache, not users.

AHOYBRAUSE

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Wheel of Whales 🐳

Quote from: NotATether on September 05, 2023, 01:44:43 AM

Quote from: n0ne on September 04, 2023, 09:54:15 PM

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

User funds were not lost, so there is nothing for you to claim. I'm more interested in knowing how they managed to get a hold of your email in the first place.

Simple answer, October/November 2022 hack. All email addresses stolen. I got several promotion (from other sites) and scam attempt emails to my address which is only registered at stake, never used anywhere else.

Of course stake wouldn't tell us that.

avp2306

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Quote from: NotATether on September 05, 2023, 01:44:43 AM

Quote from: n0ne on September 04, 2023, 09:54:15 PM

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

User funds were not lost, so there is nothing for you to claim. I'm more interested in knowing how they managed to get a hold of your email in the first place.

There are people take advantage of situation then fake those emails so that either they can scam people or stole their details. So he or other should verify if the email they receive is legitimate and not a scam.

Its so important on times of crisis that they should always ask the legitimate support so that they will not get tricked by scammers. Also to good if there's no costumers funds lost in this incident since many feel some relief that their money is safe.

NotATether

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Quote from: n0ne on September 04, 2023, 09:54:15 PM

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

User funds were not lost, so there is nothing for you to claim. I'm more interested in knowing how they managed to get a hold of your email in the first place.

rdbase

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Quote from: Kakmakr on September 05, 2023, 01:06:38 AM

Quote from: panjul07 on September 04, 2023, 06:09:11 AM

Quote from: ryzaadit on September 04, 2023, 04:33:53 AM

I think you and @Panjul are the ones who can reach at least more than 5000 since I know you are high roller & @Panjul are good player who can collect wagering with a small money.

As I said previously, I wagered less after the 1st monthly bonus on August because I lost both my VIP top monthly bonus as well as the monthly bonus quickly.
3 hours left for the 10m race and my position is now at 8400+ Grin

with around 100k wager.
I wagered more than 50k in the first week of the race (exactly after the 1st monthly bonus) but I wagered less after I lost the bonus, proven by my currect total wager which is only 100k
It means that I wagered the other 50k in the last 3 weeks , It is simply because I dont want to force myself to wager just for the race.

Let's assume that you wagered $150 000 during this promotion and you got the last place. It should cost you a minimum of $1500+ to wager that amount, based on a conservative $100 for every $10 000 wagered.... (Do you think the prize will really be worth the money that you spend.. chasing that challenge?)

On the topic of the $40 000 000 that were hacked from Stake.... guess who is going to pay for those losses. (Expect a crazy RTP for a while folks)

I can acquit to that, since I processed a deposit on there an hour before the $10 million dollar race ended and they were distributing the prizes. That hack must of just occurred while this was happening on the site because nobody in chat were talking about it yet. Then about 15 minutes later I seen the trickling of the first posts on twitter/X about it with the first hack job being done for the sum of $16m in eth, dai and usdt.
There was a player who received their prize for the race and said he got $300 but lost alot more than that amount given 10 fold. His join date was Aug. 25th so approximately 12 days and have reached platinum II. They had mentioned they have wagered well over $250k during the month long race.

As for the RTP you have mentioned, that did happen. Right after the race ended I wagered my entire deposit of $725 within only 15 rounds on Stake Originals so within less than 5 minutes they had managed to drain my balance.
I had never seen dice and blackjack taken all hands for a loss. I had it set to 1.12x on dice and blackjack originals the dealer had 20 and blackjack 10 out of the 12 hands. The remaining 2 hands were a push.

bitbollo

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Nec Recisa Recedit

Quote from: n0ne on September 04, 2023, 09:54:15 PM

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

e-mail

reach in private their support if you want get confirmation on their bonus or promotion.
I will never trust a spam email. Of course, add 2FA to your account ....

Regarding this hack... well this is not a small sum for sure, but I don't think that their business could have a serious interruption or any real damage. However, if a leader of that industry can receive such damage, it means that this industry is still primitive and a lot of security measures must be implemented in the upcoming future.

Kakmakr

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Quote from: panjul07 on September 04, 2023, 06:09:11 AM

Quote from: ryzaadit on September 04, 2023, 04:33:53 AM

I think you and @Panjul are the ones who can reach at least more than 5000 since I know you are high roller & @Panjul are good player who can collect wagering with a small money.

As I said previously, I wagered less after the 1st monthly bonus on August because I lost both my VIP top monthly bonus as well as the monthly bonus quickly.
3 hours left for the 10m race and my position is now at 8400+ Grin

with around 100k wager.
I wagered more than 50k in the first week of the race (exactly after the 1st monthly bonus) but I wagered less after I lost the bonus, proven by my currect total wager which is only 100k
It means that I wagered the other 50k in the last 3 weeks Cheesy

, It is simply because I dont want to force myself to wager just for the race.

Let's assume that you wagered $150 000 during this promotion and you got the last place. It should cost you a minimum of $1500+ to wager that amount, based on a conservative $100 for every $10 000 wagered.... (Do you think the prize will really be worth the money that you spend.. chasing that challenge?)

On the topic of the $40 000 000 that were hacked from Stake.... guess who is going to pay for those losses. (Expect a crazy RTP for a while folks) Roll Eyes

bbc.reporter

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Quote from: BoXXoB on September 04, 2023, 01:12:22 PM

Phew. That's an awful hit.

I'm sure we're all eager to hear for an official announcement regarding how it happened. A matter of employee access controls failing, a software failure or something else? That's for sure a large amount to keep out of cold storage anyway.

EDIT: Seeing a reply from Eddie on Twitter, it does look like even a $40 million loss is considered a small portion of reserves. Still, begs the question what happened if it's something others can learn from.

Also, stake.com pays $100 million in sponsorships to different athletes and celebrities. They could certainly cover the $40 million the sportsbook lost from a hack. The most important for users is do not panic and give the sportsbook their much needed to time to investigate and secure their service. A temporary freeze of deposits and withdrawls should be expected.

TwitchySeal

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Quote from: n0ne on September 04, 2023, 09:54:15 PM

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

e-mail

Hi Stake User,

That's a phishing email.

n0ne

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DGbet.fun - Crypto Sportsbook

Received a mail in spam stating small compensation bonus for the support and loyalty towards Stake. Saw the maintenance notification through Telegram Channel, by the time there were discussion on fake social accounts posting about Stake token/coin. It would be helpful if someone clarifies it. So that I can stay away or claim the small bonus.

e-mail

Symphonized

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Primedice.com & Stake.com

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arwin100

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Quote from: Beparanf on September 04, 2023, 12:01:33 PM

Quote from: masulum on September 04, 2023, 11:34:24 AM

Quote from: rohang on September 04, 2023, 09:41:46 AM

were stake's hot wallets just robbed for 16 million?

https://bitcointalksearch.org/topic/stakecom-hot-wallet-robbed-for-40million-usd-confirmed-by-stake-5465626

Read a post in the telegram group about a USD 41m hack on stake.com. I checked this thread and there was no information from the team. Likewise through X, there is no post stating that Stake.com has been hacked. Maybe, it was done for the transfer of user assets, but account X @WatcherGuru considers it a hack. If it's being hacked, there should be valid news from the team. If the team doesn't provide an update, it looks like this is just a misunderstanding.

Stake representative usually don't hang out here most of the time even on normal days. Yeah, Stake silence is surprising since the news is already spread in the internet. Maybe they want to minimize the damage before they release official statement since this will cause panic among their existing players.

The level of betting activity on Stake is still normal though. Maybe some players is still not informed about this issue.

According to Stake support. They aren't experienced hack. I dunno what to believe now. Cheesy

They can afford to create more noise about recent happenings on their site since it may create more panic to the people who use their site if they release a statement about hacking issue. Maybe for now they are thinking about detailed explanation about those incident and I also don't know if they can able to handle that huge lose since $40 million dollar is so huge.

For now its better not to use that casino while they are dealing this problem so that we will not adding ourselves to a group of people got stress about latest happening on stake.

Saint-loup

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Quote from: Beparanf on September 04, 2023, 12:01:33 PM

Stake representative usually don't hang out here most of the time even on normal days. Yeah, Stake silence is surprising since the news is already spread in the internet. Maybe they want to minimize the damage before they release official statement since this will cause panic among their existing players.

The level of betting activity on Stake is still normal though. Maybe some players is still not informed about this issue.

According to Stake support. They aren't experienced hack. I dunno what to believe now. Cheesy

Don't hesitate to ask us, we will explain you how nothing wrong happened! Cheesy

LOL What a joke dude! Cheesy

As some people alluded to it above, now the biggest threat is not the hack itself if they've already managed to secure all their wallets, but the risk of a panic bank run from the customers. I guess most of people will at least try to withdraw their funds in the coming days or hours, and if the bankroll of Stake is not large enough they won't be able to cover all the withdrawals, winnings, bonus and campaigns payouts.

BoXXoB

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Quote from: Daltonik on September 04, 2023, 02:55:46 PM

There is also an alternative point of view or just a coincidence that before the event, $20ml USDT was withdrawn from the purse associated with the Stake.

https://twitter.com/willo_0x/status/1698708418645594387

Perhaps just an odd coincidence considering the fact that in that Twitter post they say Stake.com wallet has made multiple interactions with the same address previously.

Daltonik

legendary

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There is also an alternative point of view or just a coincidence that before the event, $20ml USDT was withdrawn from the purse associated with the Stake.

https://twitter.com/willo_0x/status/1698708418645594387

anyway, it was in the etherscan address https://etherscan.io/address/0x3130662aece32f05753d00a7b95c0444150bcd3c marked "This address is reported to be involved in an exploit on Stake.com. Reported by CyversAlerts"

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