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 customer in less than 2 days. The casino player won the quantity on EOSBet, a trustless and instant gaming system on the EOS blockchain.

The individual regularly increased the cash by betting on blockchain dice. According to a report by TheNextWeb, the EOSBet purse sent over 126,000 EOS to this certain individual. Considering that it seemed questionable, EOSBet made clear on its internet site that the system had not been hacked. The system stated that payouts to the said account were genuine and stated that it was just pure luck.

Suspicions concerning the payouts just appear all-natural a day after DEOSGames, one more EOS-based wagering platform, was struck. In less than an hour, the platform apparently paid 24 times in a row to one person. Reports suggest, despite transferring just 339 tokens, the account “runningsnail” managed to get greater than 4,728 EOS (approx. $23,640). Interestingly, the account was developed just a day before the funds were sent for betting.

This is not an isolated event. A few weeks back, a comparable case was kept in mind in EOSBet.io. At the time, the betting dApp was required offline, and an additional vital defect in the blockchain was discovered by the scientists. The expanding hacking trouble has brought about the increase in pest bounty programs, focused on uncovering technicalities on the blockchain.

These bug bounty programs welcome cyberpunks to locate susceptabilities on the blockchain, for which they will receive a reward. Supposedly, this year experienced cryptocurrencies worth $761 million lost to hacking and burglary. EOS reportedly holds the listing of most number of bug bounty programs, inning accordance with an additional TheNextWeb record. The team behind the crypto has actually invested around $417,000 on incentives for insect bounty programs and also has actually enhanced its incentive 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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