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Stake.com

avoid.net/stakecom28/100·100% conf.
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anchored·5Fu557…uDZ4

Summary

Stake.com is a Curaçao-licensed cryptocurrency gambling and sports betting platform co-founded in 2017 by Australians Ed Craven and Bijan Tehrani, operating as one of the largest crypto casinos globally with reported 2024 revenue of $4.7 billion. On September 4, 2023, the platform suffered a critical security breach in which approximately $41.35 million in cryptocurrency was drained from its hot wallets across Ethereum, BNB Smart Chain, and Polygon networks; the FBI formally attributed the attack to North Korea's Lazarus Group (APT38) within 48 hours. Stake.com restored full operations within five hours of the incident and stated that user funds were not affected, though the root cause — a likely hot wallet private key compromise — has never been officially confirmed by the company.

Connected Entities

10 entities · 60 linked investigations
Relationships
  • Ethereummentioned withBitcoin(60%)
  • Stake.commentioned withAvalanche(70%)
  • Stake.commentioned withBitcoin(80%)
  • Stake.commentioned withPolygon(70%)
  • Stake.commentioned withEthereum(70%)
  • Stake.commentioned withLitecoin(60%)
  • Stake.commentioned withChipMixer(60%)
  • Litecoinmentioned withBitcoin(70%)
  • KelpDAO / LayerZero Bridge Exploit (April 2026) — DPRK Lazarusmentioned withBitcoin(80%)
  • KelpDAO / LayerZero Bridge Exploit (April 2026) — DPRK Lazarusmentioned withEthereum(80%)
  • + 16 more
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Timeline(9 events)

2013

Ed Craven and Bijan Tehrani launch Primedice, a cryptocurrency dice game, establishing their first crypto gambling venture.

2016

Craven and Tehrani found Easygo, an online casino games studio, as the corporate precursor to Stake.com.

August 2017

Stake.com launched as a crypto casino and sports betting platform under Curaçao license, operated by Medium Rare N.V.

4 September 2023

Stake.com hot wallets on Ethereum, BNB Smart Chain, and Polygon drained of approximately $41.35 million in a multi-chain attack detected internally within 20 minutes.

4 September 2023

Stake.com restores full deposit and withdrawal operations approximately five hours after the breach; Ed Craven states user funds are safe.

6 September 2023

FBI issues formal press release attributing the $41 million theft to North Korea's Lazarus Group (APT38), publishing 40 associated blockchain addresses.

7 September 2023

TRM Labs publishes on-chain analysis corroborating FBI attribution, documenting multi-chain laundering patterns consistent with Lazarus Group TTPs.

10 September 2023

Ed Craven publishes post-incident reflections on Medium; states private keys were not directly compromised and that Stake absorbed the loss without material operational impact.

24 December 2024

Curaçao's new National Ordinance on Games of Chance (LOK) enters into force, replacing the sublicense model and introducing direct CGA supervision of operators including Stake.com.

Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 19 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:38 AM

last updated: 9/15/2026, 5:57:06 PM

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