Stake has reportedly suffered a significant hack impacting its hot wallets, resulting in a loss of approximately $41 million. The attacker allegedly carried out multiple transactions, raising suspicion about the cryptocurrency outflow. On-chain analysts first reported the incident, and Stake has since suspended deposit and withdrawal services.

The attack targeted three blockchains: BNB Chain, Polygon, and Ethereum. Cyvers reported that the hacker transferred $15.7 million, including $5.9 million in stablecoins and $9.8 million in ether. ZachXBT added that an additional $25.6 million was moved from Stake's hot wallets, comprising $17.8 million from BNB Chain and $7.8 million from Polygon.

Stake has yet to issue an official statement but has acknowledged the incident on X (formerly Twitter) and is investigating. The platform has paused deposits and withdrawals with no set date for resuming these activities.

Such breaches are not uncommon in the Web3 sector, which has lost over $1 billion due to hacks and fraud this year. In 2023 alone, 211 incidents have resulted in a $1.2 billion loss, with BNB Chain and Ethereum among the most targeted networks, according to Immunefi.

Despite this setback, the community remains hopeful that Stake will recover and resume normal operations soon. Stake's review remains available for those interested in its online betting services.