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 $600,000 to one customer in less than 2 days. The bettor won the amount on EOSBet, a trustless and also instant gaming system on the EOS blockchain.

The customer regularly increased the money by banking on blockchain dice. According to a report by TheNextWeb, the EOSBet pocketbook sent over 126,000 EOS to this certain individual. Given that it appeared to be suspicious, EOSBet made clear on its website that the system had not been hacked. The system specified that all payouts to the said account were reputable and also pointed out that it was just pure good luck.

Uncertainties pertaining to the payouts just seem all-natural a day after DEOSGames, an additional EOS-based betting platform, was struck. In less than an hour, the platform supposedly paid 24 times in a row to one person. Reports recommend, regardless of depositing just 339 symbols, the account “runningsnail” managed to get 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 case. A couple of weeks ago, a comparable occurrence was noted in EOSBet.io. At the time, the betting dApp was compelled offline, and another essential problem in the blockchain was located by the researchers. The growing hacking trouble has actually resulted in the boost in pest bounty programs, targeted at discovering loopholes on the blockchain.

These insect bounty programs invite hackers to locate susceptabilities on the blockchain, for which they will receive a benefit. Reportedly, this year observed cryptocurrencies worth $761 million shed to hacking and also burglary. EOS supposedly holds the checklist of many number of bug bounty programs, according to an additional TheNextWeb report. The team behind the crypto has invested around $417,000 on rewards for insect bounty programs and has actually raised its benefit from $300 to $2100 this year.

Krishna Teja Readdy

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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