Blockchain Security Firm Peckshield Identifies Strange Transactions in Crypto Casino Stake Wallet – What’s Going On?

cryptonews.com:

Blockchain security firms Peckshield and Cyvers have detected multiple suspected transactions with wallets linked to crypto casino, Stake. 

Etherscan data shows that wallet 0x3130662aece32F05753D00A7B95C0444150BCd3C received about $16 million worth of different cryptocurrencies before it was distributed to multiple addresses. 

Within the last couple of hours, the wallet received several transactions including a single transfer of 6000ETH. The total assets ($16 million) were sent in various cryptocurrencies including 6,000 DAI, 3.9 million USDT, 900,000 DAI, and 1.1 million USDC.

At press time, assets have been distributed to several wallets with some holding over $6,000,000 in crypto. some linked wallets include; 

0xBDA83686 holds 2,390 ETH 

0x7d84d78 holds 552 ETH 

0xba36735 holds 675 ETH 

This recent activity has sparked wide concerns across the digital asset community with many calling it the latest rugpull in the market amid plunging prices.

Although the company has not released an official statement, several crypto users have called for an investigation as another potential big name is on the verge of confirming a major exploit. 

Stake.com is a global crypto betting platform with multiple sponsorship deals in sports across multiple jurisdictions. The platform also entered into a partnership with Canadian rapper Drake, a deal believed to have attracted multiple users to the platform. 

“We share the same love for crypto, gambling, and community and are like-minded fans of the technology and culture at the forefront of this movement,” Ed Craven, the co-founder of Stake.com noted as he disclosed the partnership. 

This is a developing story...