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News Explorer — Drake-Backed Crypto Casino Stake Loses $40M in ‘Suspicious Transfers’
Drake-Backed Crypto Casino Stake Loses $40M in ‘Suspicious Transfers’
Popular crypto betting platform Stake has reportedly lost around $40 million in funds due to an exploit. Multiple unusual transactions occurred on Monday morning, resulting in approximately $16 million worth of Ethereum, Tether, USD Coin, and DAI leaving the platform. An additional $25 million was drained on Binance Smart Chain and Polygon. Stake, backed by rapper Drake, has not yet responded to the incident.
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Sep 4, 3:42 pm
Decrypt
Drake-Backed Crypto Casino Stake Loses $40M in ‘Suspicious Transfers’
Popular crypto betting platform Stake has reportedly lost around $40 million in funds due to an exploit. Multiple unusua… Read Summary
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Sep 4, 10:14 am
Cointelegraph
South Korea Plans Bill to Track and Freeze North Korean Crypto Funding Weapons Programs
The government of South Korea is working on a bill that aims to track and freeze North Korean crypto and virtual assets… Read Summary
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Coindesk
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Reuters
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The MakerDAO protocol is nearing the final phase of its multiyear overhaul called Endgame, which includes the launch of… Read Summary
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Decrypt
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Crypto adoption in Turkey has increased from 40% to 52% over the past year and a half, according to a survey conducted b… Read Summary
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The Block
Vitalik Buterin Sells His Remaining MakerDAO Tokens
Ethereum co-founder Vitalik Buterin has sold his remaining stake of 500 MakerDAO tokens on CoW Protocol, receiving 353 E… Read Summary
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Sep 2, 4:30 pm
The Block
Sam Bankman-Fried and Alameda Research Execs Received Personal Cash Transfers From Company Funds
A recent filing from the FTX debtors revealed that executives of Alameda Research, including former FTX CEO Sam Bankman-… Read Summary
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Sep 2, 10:01 am
Decrypt
Base Network Rakes in the Fees Riding Crypto’s Favorite Memes
CoinGecko research shows that Coinbase’s layer2 solution, Base, reached 1 million addresses in just 11 days, making it t… Read Summary
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Sep 2, 2:51 am
Cointelegraph
MakerDAO Cofounder Floats Solana Codebase for Native Chain Instead of Ethereum
MakerDAO cofounder Rune Christensen has proposed building the upcoming native chain for the decentralized finance projec… Read Summary
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