REKT reported that Stake lost more than $41 million from hot wallets on Ethereum, BSC and Polygon, with suspicious transfers first flagged by Cyvers. The article says simple transfers began at 12:48 UTC, suggesting compromised private keys, followed by swaps into native tokens and distribution to additional addresses. Stake acknowledged the incident several hours later and said deposits and withdrawals had resumed, while REKT framed the case as another centralized-platform hot-wallet compromise rather than a DeFi exploit.