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

The individual constantly doubled the cash by betting on blockchain dice. Inning accordance with a record by TheNextWeb, the EOSBet pocketbook sent out over 126,000 EOS to this particular individual. Since it appeared to be questionable, EOSBet cleared up on its internet site that the system had not been hacked. The platform specified that payments to the said account were legit as well as pointed out that it was just pure luck.

Uncertainties concerning the payments only appear all-natural a day after DEOSGames, another EOS-based betting system, was struck. In less than a hr, the system supposedly paid 24 times in a row to one person. Records suggest, regardless of depositing only 339 symbols, the account “runningsnail” managed to get more than 4,728 EOS (approx. $23,640). Remarkably, the account was developed just a day before the funds were sent for betting.

This is not a separated incident. A couple of weeks ago, a comparable incident was kept in mind in EOSBet.io. At the time, the betting dApp was forced offline, as well as another critical defect in the blockchain was located by the researchers. The expanding hacking trouble has actually resulted in the rise in insect bounty programs, targeted at discovering loopholes on the blockchain.

These pest bounty programs invite cyberpunks to locate vulnerabilities on the blockchain, for which they will receive a reward. Apparently, this year observed cryptocurrencies worth $761 million lost to hacking and theft. EOS supposedly holds the listing of most number of pest bounty programs, according to an additional TheNextWeb record. The group behind the crypto has actually invested around $417,000 on rewards for pest bounty programs as well as has actually boosted its benefit 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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