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 platform paid out $600,000 to one user in less than 2 days. The bettor won the amount on EOSBet, a trustless and also instantaneous gaming system on the EOS blockchain.

The customer continually increased the money by betting on blockchain dice. According to a record by TheNextWeb, the EOSBet budget sent over 126,000 EOS to this particular user. Because it seemed suspicious, EOSBet made clear on its internet site that the system had actually not been hacked. The system stated that payouts to the stated account were reputable and mentioned that it was simply pure good luck.

Uncertainties relating to the payments just seem natural a day after DEOSGames, an additional EOS-based wagering system, was struck. In less than an hour, the system supposedly paid 24 times in a row to one individual. Reports recommend, in spite of depositing just 339 symbols, the account “runningsnail” procured greater than 4,728 EOS (approx. $23,640). Surprisingly, the account was produced simply a day before the funds were sent for betting.

This is not a separated incident. A few weeks earlier, a similar case was kept in mind in EOSBet.io. At the time, the wagering dApp was forced offline, and an additional critical problem in the blockchain was discovered by the researchers. The growing hacking problem has actually caused the increase in bug bounty programs, focused on uncovering technicalities on the blockchain.

These insect bounty programs welcome cyberpunks to find susceptabilities on the blockchain, for which they will certainly get a benefit. Supposedly, this year observed cryptocurrencies worth $761 million lost to hacking and also burglary. EOS supposedly holds the checklist of the majority of variety of insect bounty programs, inning accordance with one more TheNextWeb record. The team behind the crypto has actually spent around $417,000 on rewards for bug bounty programs and has raised its reward 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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