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 wagering system paid $600,000 to one user in less than two days. The casino player won the quantity on EOSBet, a trustless and also instantaneous gaming system on the EOS blockchain.

The user consistently doubled the money by betting on blockchain dice. According to a record by TheNextWeb, the EOSBet wallet sent out over 126,000 EOS to this specific individual. Given that it seemed questionable, EOSBet made clear on its internet site that the system had not been hacked. The system specified that payments to the stated account were legitimate and also discussed that it was simply pure good luck.

Suspicions regarding the payments just seem all-natural a day after DEOSGames, an additional EOS-based wagering platform, was struck. In less than a hr, the platform reportedly paid 24 times in a row to one individual. Reports recommend, regardless of transferring just 339 symbols, 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 an isolated incident. A few weeks earlier, a similar incident was kept in mind in EOSBet.io. At the time, the betting dApp was required offline, as well as another crucial imperfection in the blockchain was located by the researchers. The growing hacking trouble has resulted in the rise in insect bounty programs, aimed at uncovering technicalities on the blockchain.

These insect bounty programs welcome hackers to locate vulnerabilities on the blockchain, for which they will obtain a reward. Apparently, this year observed cryptocurrencies worth $761 million lost to hacking and also theft. EOS supposedly holds the checklist of the majority of number of pest bounty programs, according to another TheNextWeb record. The team behind the crypto has invested around $417,000 on benefits for insect bounty programs as well as has raised its benefit from $300 to $2100 this year.

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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