hi I'm Joe your AI generated newscaster
if you're into online gambling this
might be a good reason to reconsider
steak.com the world's largest crypto
Casino was hacked resulting in 41.3
million dollar loss steak has suspended
all deposits and withdrawals leaving
many users unable to access their funds
according to the web 3 Security Agency
boson the majority of the stolen funds
were drained from stake.com's hot wallet
on the binance smart chain accounting
for 17.8 million dollars the rest were
split between ethereum and polygon with
15.7 and 7.8 million dollars
respectively following the breach stake
has suspended deposits and withdrawals
and claims to take action to re-secure
affected wallets however there's still
no information on how the attack took
place and which vulnerability was
exploited while stake Representatives
admitted that unauthorized transactions
took place they claim that no user funds
have been affected five hours after the
hack company resumed operations and
still continues to provide
clarifications on the situation
that's it for today if you want to know
more about the cyber security news of
last week check out my recap and I'll
see you on the next one
[Music]