Home crypto-gambling Stake.com resumes its operations following unauthorised cryptocurrency transfers

Stake.com resumes its operations following unauthorised cryptocurrency transfers

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After being hit with a number of unauthorised transactions, Stake.com’s cryptocurrency online casino and sportsbook has resumed normal operations.

Yesterday (4 September), the incident occurred and affected Ethereum, Polygon, and Binance Smart Chains (BSCs) on Stake.com.

Stake.com announced in a blog post that unauthorised transfers had been made to a few of its wallets. It added, however, that the funds of users were secure.

Stake.com said that the incident affected only the wallets named, and other wallets like Bitcoin, Litecoin, and XRP remained fully functional throughout.

Stake.com confirmed that services had returned to normal five hours after the investigation.

Stake.com announced in an update that “all services have been resumed.” Deposits and withdrawals for all currencies are processed instantly. “We apologize for any inconvenience.”

Stake.com has not disclosed any additional details regarding the incident. Several reports in the crypto community claim that the victim was exploited to the tune of $41.3m.

Stake.com was launched in 2017 and has over 500,000 registered users around the globe. The network spans countries such as Canada, Brazil and Japan.

This website has also secured a variety of sponsorship deals in football and Ultimate Fighting Championship. The website has a major, shirt-front sponsorship deal with English Premier League team Everton.

Stake.uk.com is Stake.com’s UK website. It is run in partnership with TGP Europe. TGP Europe is licensed under the British Gambling Commission.

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