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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 ...

Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis. “On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdrawals in what appears to be a hack or rug pull by insiders,” the firm wrote in a July 10 blog post. The exploit has so far resulted in the loss of more than $125 million. On July 6, @MultichainOrg experienced unusually large, unauthorized withdrawals , resulting in losses of more than $125M. It’s one of the biggest #crypto hacks on record. Read on to learn what we know so far: https://t.co/ib2K6sIrID pic.twitter.com/BBY3iU75oB — Chainalysis (@chainalysis) July 10, 2023 However, Chainalysis believes the exploit may have been the resul...

Delio, a Korea-owned crypto currency lending and savings company, has temporarily suspend ed fund withdrawal s, citing increased market volatility.  Delio, a South Korea-based digital assets lending platform offering users high returns on their crypto holdings, has suspended fund withdrawals, citing increased market volatility. Established in 2018, Delio offers its users up to a 10.7% annual percentage ratio (APR) on their bitcoin (BTC), ether (ETH), and USDT holdings.   According to a statement by the company, its decision to suspend deposits and withdrawal s is aimed at protecting its customers, who are now confused due to the sharp drop in the price of bitcoin and other crypto currencies. “We are very sorry for causing concern to our valued customers and investors due to the unavoidable temporary suspension of withdrawals. Delio will do our best to protect the assets of our customers while quickly grasping the facts and aftermath related to this situation.” Delio  ...