An EOS-based betting system paid out $600,000 to one user in less than two days. The casino player won the amount on EOSBet, a trustless and instantaneous gambling platform on the EOS blockchain.
The customer continually doubled the money by banking on blockchain dice. Inning accordance with a report by TheNextWeb, the EOSBet pocketbook sent over 126,000 EOS to this specific user. Given that it appeared to be dubious, EOSBet cleared up on its site that the platform had actually not been hacked. The platform stated that payments to the claimed account were reputable and also pointed out that it was just pure good luck.
Uncertainties regarding the payouts just seem all-natural a day after DEOSGames, an additional EOS-based wagering system, was attacked. In less than a hr, the system apparently paid 24 times in a row to one person. Records recommend, in spite of transferring only 339 symbols, the account “runningsnail” procured more than 4,728 EOS (approx. $23,640). Surprisingly, the account was created just a day prior to the funds were sent for betting.
This is not a separated incident. A few weeks earlier, a comparable occurrence was noted in EOSBet.io. At the time, the betting dApp was required offline, and also another crucial flaw in the blockchain was discovered by the researchers. The growing hacking problem has actually caused the rise in insect bounty programs, targeted at discovering loopholes on the blockchain.
These bug bounty programs welcome hackers to discover 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 theft. EOS apparently holds the list of the majority of number of insect bounty programs, according to one more TheNextWeb record. The team behind the crypto has invested around $417,000 on benefits for pest bounty programs and also has actually enhanced 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.