Unveiling the Web3 ‘Stake’ Hack Across Multiple Chains

2023-09-09 Slowmist

https://slowmist.medium.com/misttrack-investigative-series-unveiling-the-web3-stake-hack-across-multiple-chains-b379bfefd76c

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SlowMist traced the Stake.com theft across Ethereum, Binance Smart Chain, Polygon, and Avalanche after roughly $40 million in assets was stolen from the gambling platform. The attackers redistributed funds across multiple addresses, converted DAI to ETH for gas on Ethereum, and moved assets on Polygon while BSC funds had not moved at the time of analysis. MistTrack observed funds likely bridged to Avalanche and converted to Bitcoin through Paraswap, a laundering pattern the article says resembles Lazarus activity and aligns with FBI observations about Stake. The report focuses on multi-chain tracing limits and the need for bridge analysis once funds move from AVAX toward Bitcoin.

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