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In a major security breach, the crypto casino Stake has been hacked for over $40 million. The hack is believed to have been carried out by a group of hackers who gained access to the casino’s hot wallets. The stolen funds have been converted to ether (ETH) and transferred to several externally owned wallets.
Stake is a popular cryptocurrency casino that has been endorsed by celebrities such as Drake. The casino offers a wide variety of games, including slots, table games, and live dealer games.
The hack is a major setback for Stake and the cryptocurrency industry as a whole. It highlights the need for better security measures to protect cryptocurrency assets.
In the video, I will discuss the details of the hack, the impact it has had on Stake, and the lessons that can be learned from this incident. I will also discuss the security measures that casinos and cryptocurrency exchanges can take to protect their users’ funds.
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Hacks are far too common in the crypto world