DraftKings Tumbles After Customers Report Compromised Accounts

DraftKings Inc. tumbled on Monday after some customers reported that their accounts were compromised and money was withdrawn.

The company believes customers’ login information was compromised on other websites then used to access their DraftKings accounts, DraftKings co-founder Paul Liberman said in a statement.

DraftKings had seen no evidence that its systems were breached to obtain the information, according to Liberman, who is president of global technology and product at the sports betting giant.

“We have identified less than $300,000 of customer funds that were affected, and we intend to make whole any customer that was impacted,” he said.

DraftKings ...