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 casino player won the amount on EOSBet, a trustless as well as immediate gambling system on the EOS blockchain.

The customer constantly doubled the cash by banking on blockchain dice. According to a record by TheNextWeb, the EOSBet purse sent out over 126,000 EOS to this specific user. Given that it seemed dubious, EOSBet cleared up on its site that the system had actually not been hacked. The platform mentioned that payments to the claimed account were legitimate as well as pointed out that it was just pure good luck.

Suspicions relating to the payments just seem natural a day after DEOSGames, an additional EOS-based betting platform, was assaulted. In less than an hour, the platform supposedly paid 24 times in a row to one person. Reports suggest, in spite of transferring just 339 tokens, the account “runningsnail” managed to get greater than 4,728 EOS (approx. $23,640). Interestingly, the account was created just a day prior to the funds were sent for betting.

This is not a separated occurrence. A couple of weeks earlier, a comparable event was kept in mind in EOSBet.io. At the time, the wagering dApp was compelled offline, and also another critical defect in the blockchain was located by the researchers. The expanding hacking issue has brought about the rise in pest bounty programs, targeted at discovering loopholes on the blockchain.

These pest bounty programs invite hackers to find susceptabilities on the blockchain, for which they will certainly receive a benefit. Apparently, this year observed cryptocurrencies worth $761 million lost to hacking and theft. EOS supposedly holds the listing of many variety of pest bounty programs, according to an additional TheNextWeb record. The group behind the crypto has actually spent around $417,000 on rewards for insect bounty programs and also has actually raised its reward from $300 to $2100 this year.

Teja

Krishna Teja Reddy is a crypto enthusiast and a market analyst. He is specializes in market analysis and strives to provide accurate crypto market statistics to the crypto community and cryptocurrency investors. He focuses on delivering quality news stories to him readers and aspires to be a successful business journalist.

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