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Topic: Disruption In The Gambling Industry Your Opinion - page 4. (Read 307 times)

hero member
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Merit: 567
First let me say big up to Stake for its ability to continue operations even with the huge loss in the last 24 hours and being able to restore withdrawal for the affected hot wallets,  and back to your questions about the risk associated with big casino hacks

As expected they have shown resiliency they are really an industry leader but I'm sure they will not take this thing sitting down and they will go for the culprit, they have the money and the resources, and it really is a good choice to play in casinos that have proven their stability in the industry, it will indeed become a big disruption if Stake ceases their operation but they need a continuous flow of money so that is why they never cease their operations.

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I believe that stake hacking won't be the last since hacking attacks won't seize to exist as bad actors in the industry,  but I will rather gamble on a casino that I know can survive even if the wallets are hacked rather than play on a small casino that will park up operation if there are hit by hackers and losing my entire fund.
That's also what I'm thinking right now, gamblers will be more lenient on stable casinos, or the small or medium-level casinos should assure the gambling community that they are employing top-level security and assure their players that their funds are secure.
legendary
Activity: 2520
Merit: 1113
- Do you think that big casinos can survive hacking because they have enough funds stored elsewhere
Yeah, they can, As you said, they have enough funds stored elsewhere but it would still depend on the casino whether they want to continue operation or not. Also, I am not entirely sure but hacking can be covered by cyber security insurance if the casino has it.

- When they assured that users are safe do you believe it or is it just a way to keep their status in the industry intact
It could be both, but it is probably mostly to maintain their image and also not to make their gamblers/clients panic.

- When top casinos are hacked and they still operate and still  into their business without interruption do you believe that
Just like my answer before, it is most likely to maintain their image and not to make their gamblers/clients panic.

- Top casinos should be our priority because small casinos cannot operate normally after the hacking.
When you say "priority" do you mean as a choice where to gamble? if so, yes. but it is not that bad trying out smaller casinos.

-  Do you believe that there will be more hacking after the top casinos?
yeah, they would most likely try again, let's just hope the casino upgraded their cyber security.

- Do you think gamblers will stop playing for the time being after this is all settled?
entirely depends on the individual, some would probably stop and others would continue like nothing happened.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
First let me say big up to Stake for its ability to continue operations even with the huge loss in the last 24 hours and being able to restore withdrawal for the affected hot wallets,  and back to your questions about the risk associated with big casino hacks

The news of the stake hack came unexpectedly since exchanges have been the main target for hackers for quite some time now,  making it look as if casinos have higher securities in terms of hot wallet protection and securities,  but with the stake incident, the reverse of the case and gamblers need to be wary of where they leave the money.

I believe that stake hacking won't be the last since hacking attacks won't seize to exist as bad actors in the industry,  but more also I will rather gamble on a casino that I know can survive even if the wallets are hacked rather than play on a small casino that will park up operation if there are hit by hackers and losing my entire fund.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Do you think that big casinos can survive hacking because they have enough funds stored elsewhere
I will say yes but it also depends on the casino. Most of the coins deposited by users should be moved to cold wallets. They known how their customers are depositing and withdraw which can be used to make this work accurately.

When they assured that users are safe do you believe it or is it just a way to keep their status in the industry intact
I can never believe that. Only when I know that my coins are safe is when I protect it myself.

When top casinos are hacked and they still operate and still  into their business without interruption do you believe that
I will still not believe it.

Top casinos should be our priority because small casinos cannot operate normally after the hacking.
Yes but top casinos are mostly the main target.

Do you believe that there will be more hacking after the top casinos?
They are using hot wallets, what are you expecting. Yes.

- Do you think gamblers will stop playing for the time being after this is all settled?
Gamblers will continue to gamble. Only what they can later do is to move to another casino. About Stake, this is what they do not want and make withdrawal continue even after the hack.
legendary
Activity: 3416
Merit: 1225
This topic is not about the recent hacking of Stake there is a dedicated topic about this

Stake.com Hot wallet robbed for 40Million + usd  (Confirmed by stake)

But it's more on the general opinion when top casinos are hacked

 - Do you think that big casinos can survive hacking because they have enough funds stored elsewhere

 - When they assured that users are safe do you believe it or is it just a way to keep their status in the industry intact

 - When top casinos are hacked and they still operate and still  into their business without interruption do you believe that

 - Top casinos should be our priority because small casinos cannot operate normally after the hacking.

 -  Do you believe that there will be more hacking after the top casinos?

 - Do you think gamblers will stop playing for the time being after this is all settled?

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