China News Today TheBitTimes.com

Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether. Crypto gambling site Stake has experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key. ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI All the stable coins are converted to $ETH and distributed to different EOAs. FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm — Cyvers Alerts (@CyversAlerts) September 4, 2023 Blockchain data shows very large withdrawals from Stake.com contracts into the alleged attacker’s account. The first transaction occurred at 12:48 p.m., transferring approximately $3.9 ...

The nonagenarian said there’s been an “explosion of gambling” while comparing Bitcoin to roulette, sports booking, and chain letters. Warren Buffett once again took up his familiar role as conductor of the FUD train in yet another anti-cryptocurrency interview with CNBC’s Squawk Box on April 12.  “We’ve had an explosion of gambling ,” the magnate told CNBC by way of describing the cryptocurrency market. He then added “I like to bet on a football game if I’m sitting and watching, it makes it more interesting. But I don’t think I want to make a living trying to bet against the house.” This represents somewhat of a softening of Buffett’s historical stance on Bitcoin (BTC) and cryptocurrency. Over the years, he’s made a habit of downtalking crypto with some of his most controversial quotes coming from previous CNBC interviews. "People like to play the lottery," says Warren Buffett on the crypto craze. "It's appealing to the gambling instinct. We've had an explosio...