EOS betting platform pays $600k to a single user in 36 hours

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September 13, 2018 by
EOS betting platform pays $600k to a single user in 36 hours

An EOS-based betting platform paid out $600,000 to one user in less than two days. The gambler won the quantity on EOSBet, a trustless and also instantaneous gaming system on the EOS blockchain.

The individual regularly doubled the money by betting on blockchain dice. Inning accordance with a record by TheNextWeb, the EOSBet purse sent out over 126,000 EOS to this specific individual. Because it seemed suspicious, EOSBet made clear on its internet site that the platform had actually not been hacked. The system mentioned that payouts to the stated account were reputable and also pointed out that it was just pure luck.

Suspicions regarding the payouts just seem all-natural a day after DEOSGames, another EOS-based wagering platform, was assaulted. In less than an hour, the platform reportedly paid 24 times in a row to one person. Records recommend, regardless of depositing just 339 tokens, the account “runningsnail” procured more than 4,728 EOS (approx. $23,640). Interestingly, the account was produced simply a day prior to the funds were sent for betting.

This is not an isolated incident. A couple of weeks earlier, a comparable case was noted in EOSBet.io. At the time, the betting dApp was required offline, as well as another crucial problem in the blockchain was located by the researchers. The expanding hacking problem has resulted in the rise in bug bounty programs, targeted at discovering technicalities on the blockchain.

These insect bounty programs welcome cyberpunks to locate vulnerabilities on the blockchain, for which they will receive a benefit. Supposedly, this year witnessed cryptocurrencies worth $761 million lost to hacking and theft. EOS reportedly holds the listing of a lot of variety of pest bounty programs, inning accordance with one more TheNextWeb record. The team behind the crypto has invested around $417,000 on benefits for insect bounty programs as well as has actually increased its incentive from $300 to $2100 this year.

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