Stake.com
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·4Gh8pS…1hFZSummary
Stake.com is the world's largest crypto gambling platform by revenue, founded in 2017 by Australian entrepreneurs Ed Craven and Bijan Tehrani and operating under a Curacao gaming license. In September 2023, the platform suffered a $41 million hot wallet breach that the FBI formally attributed to North Korea's Lazarus Group (APT38). The platform faces mounting legal and regulatory pressure across multiple jurisdictions, including a landmark California civil suit filed by the Los Angeles City Attorney in 2025, multiple class action lawsuits, and a UK exit following a Gambling Commission investigation.
Connected Entities
1 entities · 1 linked investigation- + 2 more
Connected Through
1 shared actor · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Stake.comorganizationalso inStake.com·28
Timeline(12 events)
August 2017
Stake.com launched by Ed Craven and Bijan Tehrani through Easygo, operating under a Curacao gaming license.
October 2022
Twitch bans Stake.com from advertising on its platform, citing lack of consumer protections for unlicensed gambling.
2023
Kick streaming platform launched by Stake co-founders Craven and Tehrani as a direct Twitch competitor, within two months of the Twitch ban.
April 2023
UK Gambling Commission fines TGP Europe (Stake's UK operator) £316,250 for AML and social responsibility failures.
4 September 2023
$41 million drained from Stake.com hot wallets across Ethereum, BSC, and Polygon in a targeted security breach.
6 September 2023
FBI issues formal statement attributing the Stake.com hack to North Korea's Lazarus Group (APT38), publishing attacker wallet addresses.
2024
DOJ civil forfeiture complaint names Stake.com as a platform through which SIM-swap-derived stolen Bitcoin was laundered via circular transactions.
13 February 2025
Stake announces exit from UK market amid Gambling Commission investigation into social media advertising; operations cease March 11, 2025.
28 August 2025
Los Angeles City Attorney Hydee Feldstein Soto files civil complaint against Stake.us, Easygo, Kick, Ed Craven, Bijan Tehrani, and game suppliers for alleged illegal gambling in California.
27 October 2025
Class action lawsuit filed in Missouri naming Stake.us, Drake, and Adin Ross for alleged deceptive gambling promotion.
December 2025
Class action complaint filed in Virginia federal court against Stake.us, Drake, and Adin Ross alleging illegal online gambling under federal and state law.
April 2026
Harvard Journal of Sports and Entertainment Law publishes analysis of the Stake class action litigation, describing its sweeping implications for US social casino operators.
Decision Log
- hash: 5hHi3TbHdsBsJS4gjK4feVsKQRoxe6dm5WtE57tAtM2q
This investigation is cryptographically anchored to the Solana blockchain (1 event). 0 of 33 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/30/2026, 7:10:38 PM
last updated: 8/29/2026, 1:34:25 AM
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