THE LEDGER: GambleFi hacks, Rollbit partnerships, and Metamask’s new major update

Here's all the latest crypto gamblefi news from this week

In the latest crypto gamblefi news this week, Stake.com suffered a major crypto hack where over $44 million was stolen from the platform. The funds were withdrawn from Stake.com’s holdings by the “Stake.com Hacker” as identified on Etherscan.

ETH, USDT, DAI, USC, and STAKE tokens were gradually withdrawn from Stake.com’s holdings before redistributing the stolen funds to various wallets and escaping.

After a brief moment of downtime, the gambling platform was back up and running after an announcement on Twitter by Stake.com’s CEO, Eddie. Apologies were made to Stake.com users, and luckily, all user funds were safe.

In other news, Rollbit has entered into a sponsorship agreement with an Italian football team. SSC Napoli will don Rollbit’s logo on their shirts for the 2-year sponsorship. The partnership is the first sports sponsorship deal done by Rollbit.

Similar deals have been done by Stake.com with their own sponsorship deal with Everton football club.

Lastly, Ethereum-based web3 wallet Metamask has introduced a crypto-to-fiat feature where users can easily cash out their holdings straight from the Metamask app instead of sending their crypto to a 3rd party crypto exchange.

The addition has been a wanted favorite by Metamask users for some time. Many speculate that the Metamask team will one day introduce its own crypto token.

The anticipation for such an event has spawned multiple crypto scams related to false Metamask crypto tokens and dangerous rumors that the Metamask team has had to shut down repeatedly.

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Written by Alex Buckley

Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.

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