Two key players amongst blockchain security establishments, Peckshield and Cyvers, have recently reported suspicious activity involving pockets tied to Stake, a well reputed crypto casino. Per Etherscan data analysis, they estimated that a specific wallet (0x3130662aece32F05753D00A7B95C0444150BCd3C) had received approximately $16 million in different digital currencies, which was then scattered amongst several addresses.
The series of transactions, including a hefty single transfer of 6000ETH, has compactly delivered the said $16 million in diverse cryptocurrencies such as 6,000 DAI, 3.9 million USDT, another 900,000 DAI, and finally 1.1 million USDC. As of the current status, these assets have made their way to several wallets with some maintaining over $6,000,000 in digital currency. This includes wallets like 0xBDA83686 consisting of 2,390 ETH, 0x7d84d78 with 552 ETH, and 0xba36735 containing 675 ETH.
This unusual pecuniary activity within the blockchain sphere has ignited deep-seated concerns among the digital asset society, with a subset labelling it as potentially the most recent ‘rug pull’ amid falling digital currencies values in the market.
Although there has been no formal statement from the involved crypto casino so far, pressure is building up amongst digital asset users demanding a meticulous investigation into this matter as speculations rise that another prominent name in the industry might get enmeshed in a major scandal.
Being a widely recognized global crypto betting domain, Stake boasts of numerous sponsorship affiliations woven deep into various sports across several jurisdictions while nurturing partnerships with high-profile personalities like Canadian artist Drake.
Such collaborations are conjectured to have enhanced the platform’s user-base significantly. As per Ed Craven, the co-founder of Stake, their passion for crypto, gambling, and community are mutual with Drake, bolstering the technology appreciation and culture at the inception of such movements.
With no official clarity delivered yet, and a lot certainly left to uncover, this remains a case with a concerned undercurrent of suspense that keeps the crypto community on its toes; a story that’s nowhere near its conclusion, to be continued.
Source: Cryptonews
