Topic: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals! - page 47. (Read 113728 times)

websites with an structure like exchanges (and this includes casinos) usually have to have a hot wallet with funds that will be more vulnerable but that the users will have more access too if they want to withdraw
but they usually have layers of protection with a cold wallet and a wallet that is airgapped (even an extra layer of security over cold ones)

I wouldn't say it's always easy to hack them
you have to verify how the hack was done, if elaborate phishings, inside jobs or something else

Regarding the hacking of sites, any site that has its platform to make money move because it is easily hackable, nothing else can be accepted but that, as far as I am concerned things can happen for any type of company, be it for a casino, be it for an exchange, they all have the same risk, they are hackers, and the important thing about this is that the casino or the site that has been created have enough strength to continue operating Without the Clients were Affected, that is what we have to see, of course we are people who can generate different ways of doing things and seeing where we will put our money , they have already given an example of casinos, exchanges, and If there are Binance-level hackers capable of hacking into the 2FA security layer, then this is very likely to happen.

The important thing that one should see is that these sites like Duelbits , stake.com and Some more that have been hacked because they have come out ahead and what is most striking is that they have not compromised the money of Others , because it is very ugly If we are in a casino and suddenly nothing can be done, they close it for a while and people's money is kept there while they do investigations, authorities go , no, things can't be seen like that , then we have to rescue them These systems have been Responsible with what they have and what they have done to get Ahead, our money when it is in an exchange, or casino is no longer ours, it belongs to where it is, that is what must be understood.

When a hack occurs, there is no way players' funds will not be lost. How could hackers know that these funds belong to the player, so don't take them.
Can't you read what I said so there's no need for any more repetition regarding the hacking thing.

What is expected by players and users of large sites including duelbits is responsibility and as long as events that are unwanted by any party do not occur due to intentional elements carried out by casino sites such as duelbits, the casino will be responsible.
The meaning of comfort in playing at a large casino like Duelbits lies there.

Forget about this. Focus on the games available on duelbits.

as usual saying an amount of money is big or small is a matter of reference and what you are comparing it to
for a personal bankroll 5 million is quite a lot but for a country it's peanuts.
simple concept but that we usually forget about.

As long as there is a money circulation system in it, I don't think the money will look like a lot, but that doesn't mean that 5 million dollars is also small, let's say like this, if a private bank has a lot of money because many of their customers put their money in that bank, but when all their customers withdraw all their money, of course the bank will collapse, as will the casino, no matter how big they are, as long as their users still trust the casino and put their money on this site, everything is still safe because there is money circulating in it.

Just try if all users withdrew all their money from the casino it would definitely have the same impact on the fate of the bank, but I believe that the casino's profits are very large so the loss of 5 million dollars can still be overcome and replaced by the casino, after all they have said that all users' money is safe and there is no loss, so everyone will not feel panic about withdrawing all their money from this site because they still trust this site and their money remains safe there. We can never feel whether the value lost is small or large except for the casino itself.

Yeah, and Stake as well. Now, Duelbits has reached the level of Stake. Stake became popular in the forum and even outside it. With this unfortunate news, which turned out to be a good thing for them, they were proven that they know how to handle the business in tough situations. So, no gambling site is really safe from hacking, but with the right risk management, continuity in the business is guaranteed, just like what they have demonstrated.

did anyone map their wallets and have an idea of how much duelbits or other casinos keep on their wallets for daily operations? I suppose way more than 40 millions dollars, but would be interesting to have this data, since it's public data, just have to be organized.
does anyone knows if this data is available and organized somewhere?

I do not think that nearly 5 million dollars is "pocket change" for them, it is still a lot of money, but it is also not more than what they have obviously. Plus they are a casino, so they print money anyway, the house edge makes sure of that. Even if you consider all the money in the deposited amounts, you will realize that how much of it will be withdrawn anyway?

I do not think that most of them would, they will either be lost by gambling or just left in there. So they should be fine, it shouldn't really be an issue for them. The thing is that we should consider this "hack" to be not that worth much to just fuss about, they should be fine of course. In any case, they should hope to not have any issues regarding this ever again to be fine of course.

All sites can be hacked, no matter how safe they are. It is a game for these hackers to always try to hack sites no matter how secure they are. The good thing is that the user accounts were not touched and nobody lost any funds because of the hack.

Hackers will not have difficulty hacking large sites because they have different levels of expertise. Binance exchange is large and has a level of security that may be good, but for hackers it can be a bit difficult.
There are even large casino sites that have been successfully hacked, but here what is wanted is how much responsibility there is for player funds at these large casinos.

Absolutely. Even Binance which is the top exchange encounter multiple hack in the past despite they the most advanced security on their field. The reason why services like Duelbits with strong security still being hack is because is they are popular which means they are the common target by hacker.

The more popular the casino is means the more possible security breach it will encounter that’s why they need to frequently upgrade their security as time goes by. This kind of hack incident will make them more secure because they learn how to counter this threat to avoid it in the future.

All sites that have a good level of security can also sometimes be hacked, not all loopholes can be closed perfectly and we never know what the hacker's motive is for taking the funds, I'm sure Duelbits will learn a lot from their mistakes, as long as they can still claim all the funds safe, all users should no longer need to worry about that and discuss this issue, because Duelbits continues to operate as usual and has not stopped their operations, so everyone can still gamble as usual.

Not only Duelbits, there are also big casinos that have been hacked too and they are still operating today, they assure all their users that all user funds are safe, I believe that every mistake made will form an even stronger security system in the future front so it is not easy to hack because it is important to protect users' money because trust is above them, the point is that everything is safe and everyone can still play on this site without any problems with their deposits and withdrawals. unless there is a problem that is complained about in this thread, of course it will be of concern to many people.

The fact that Duebits operations is going on smoothly is a sign that Duelbits is huge and prepared for event like this. As we know, anything connected to the internet is prone to hacks, the ability to reduce it is what makes a company reputable. I'm confident that Duelbits will overcome this and come out stronger like it's already showing.

They just have to draw up the lessons learnt as I'm sure they would have seen one or two things to do differently in order to prevent future reoccurrence.  I think there is no cause for alarm here and investors funds are safe.

No system can be said to be 100% secure, even if everything is done correctly and those in charge of the security of a website were completely sure there were no vulnerabilities at all.

As time passes new vulnerabilities that no one has heard about could be used in a zero-day attack and it could caught everyone by surprise, so measures to mitigate any possible breach on the security are also a must, and for what I can see it seems those worked very well and kept the lost money to a reasonable level.

To be fair, for a big platform like duelbits, the amount may just be pocket change for them lol so the no disruption was understandable since it wasn't big enough of a dent to them.

I hope they're exhausting all options when it comes to recovery though, since recovery of funds from hacks had a significant uptick last year. As of writing, the hacked funds hasn't move from 0x0428eefb47fb6ffb870c6b9608da4c72bc7645f5. Hopefully, they have alerted as many exchanges as they can. Bounty for the hacker to return the funds is worth a try as well.

I will not be surprised that Duelbits doesn’t bother by this hack situation on their site since they are spending huge amount of money even bigger to hack amount for funding the signature campaign here in the forum. Duelbits is known for being professional on handling all issue with their operations including the cases here in the forum.

I believe only Duelbits and Stake are the only popular casino nowadays that experience big time hack but never affects their operations because of their good approach on dealing with the situation. Kudos to Duelbits management!

They stop the fire while it didn't scattered yet and Duelbits representative became transparent regarding on what recently happen to them so maybe that is the reason why there's a lot of people still confident on their safety also they make sure that the funds of their costumer is safe. So the result we don't see any people get panic or posting some negative on recent hack happened to them.

Binance hacking create big noise but also they manage to regain back the confidence of people that's why many people are still using that exchange despite of what happened to them. Also for sure this hacking will give plus points for duelbits since for what happen people know that they are a safe casino to gamble.

Just another hacking incident that didn't cause panic among people. The last similar incident I recall was the Binance hack where no users were affected. I hope all casinos have this kind of assurance that whatever happens to the site will not impact the funds of its users. Unfortunately, only a few have very liquid operations; some may even use the hack as an excuse to steal funds from users. However, Duelbits has proven they are here to stay no matter what.

We are talking about $4.6 million here, and they still continue their operation. That speaks to how liquid they are and how much they value their reputation. With this incident, I'm sure they'll improve their system, and gamblers' confidence will be boosted since they aren't disrupted by this hack. Letting us know is another way of being honest with its gamblers, but the good news is that no accounts were compromised, and business goes on as usual.

Yes, fortunately Duelbits is a large casino so I think they still have enough funds for it and have confirmed that users' money is safe, at least that is convincing enough for all users, 1700 ETH with a value which is currently quite high for me but the Stake site is rumored much higher than this, even so all casinos will never feel safe and also that perfect because there may always be mistakes made unknowingly, I also don't want to know many of the problems but they have explained it to the public and its users that is good enough.

Small casinos may close because they go bankrupt without providing any information, most of them don't have enough money to replace lost user money so it's not surprising that new casinos often close in the end, I don't think it's just because of financial problems, but there are things that Others might miss out like this, but this can be a lesson to be better in the future, Duelbits will definitely anticipate this in the future so they don't miss out again. I hope problems like this don't reduce users' interest in trust.