Hacker wins jackpot 24 times in a row after exploiting EOS betting platform

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September 11, 2018 by
Hacker wins jackpot 24 times in a row after exploiting EOS betting platform

A cyberpunk exploited DEOSBet, an EOS-based wagering system operated by DEOSGames. In less than an hour, the betting platform supposedly paid 24 times in a row to one individual.

According to a record by TheNextWeb, despite depositing just 339 EOS, the account “runningsnail” managed to get more than 4,728 EOS (approx. $23,640). Remarkably, the account was created simply a day before the funds were sent for wagering.

By tracking the transactions by means of an EOS blockchain traveler, it was noticed that 197 prize, each of nearly $1,000, were being paid to the account runningsnail consistently.

The make use of was validated by DEOSGames on its social networks. “The other day, we got a destructive agreement manipulate our contract,” a statement checked out. “It is a good stress test as well as we got substantial improvements on agreement degree.”

Apparently, the success were automated, the account runningsnail transferred 10 EOS as well as the reward was paid within 30 seconds. According to the record, runningsnail has until now had the optimum wins and is trying explore other EOS betting dApps, with hopes of an additional soft target.

However, the vulnerability encountered is unclear and distinct to DEOSBet, and is unknowned if it reaches all such EOS wise contracts. Though the quantity might seem little as compared to various other massive hacks, one could not refute that these type of hacks are becoming progressively prevalent.

Actually, simply a couple of weeks back, a comparable case was kept in mind in EOSBet.io. Throughout that time, the betting dApp was forced offline, and also another important flaw in the blockchain was located by the researchers.

To prevent potential hacker strikes, insect bounty programs to find loopholes on the blockchain are introduced. These insect bounty programs welcome hackers to find susceptabilities on the blockchain, for which they will certainly get an incentive. Apparently, this year witnessed cryptocurrencies worth $761 million lost to hacking as well as theft.

EOS proclaims the listing of most number of bug bounty programs, according to an additional TheNextWeb report. EOS has spent around $417,000 on rewards for insect bounty programs as well as has enhanced its incentive from $300 to $2100 this year.

Coinbase is closely adhering to EOS with statistics suggesting over $281,000 drained in pest hunting. Blokchain and Augur trail behind Coinbase with their bug bounty incentive expense standing at around $10,000.

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