According to the firm, hackers have stolen more than $40 million in cryptocurrency from Stake.com, a popular betting platform that allows players to use cryptocurrency for casino and sports betting. The unauthorized transactions were discovered in the Ethereum (ETH) and Binance Smart Chain (BSC) hot wallets. Stake.com assured its users that their funds are safe and that they are in the process of investigating and securing the wallets. The firm stated that other wallets, including BTC, LTC, XRP, EOS, TRX, were unaffected by the attack. Hot wallets are considered less secure than cold wallets as they can be accessed remotely, potentially leading to unauthorized activity. The incident was flagged by blockchain security company Cyvers, who detected suspicious activity and reported that $16 million worth of Ethereum was withdrawn from Stake.com. Blockchain investigator ZachXBT further uncovered that an additional $25.6 million in BSC and Polygon was drained from the hot wallets. Hot wallets are often targeted by cybercriminals and state-sponsored actors. Earlier this year, Kaspersky issued warnings about a malicious email campaign that delivered thousands of scam messages.