Vulnerabilities in gambling websites in past - page 27.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: nakamura12 on March 01, 2022, 02:29:27 PM

Quote from: Silberman on March 01, 2022, 02:21:01 PM

It is true that there is always a risk when playing at casinos that do not really have a long history in this market, however as long as people are prudent with their gambling then most of the time they are not going to have too much of a problem with those casinos, however the biggest risk at least when it comes to the topic at hand is to play in a casino that is relatively new but that got recent success, as that is the perfect scenario for a hacker to try to get some money as it is unlikely the security is as good as what they can find in established casinos and as such are easier to hack.

Not all new casinos are easier to hack but we can't deny that some are hacked when the casino success or starting to gain the gambler's trust. Even the old ones are hackable if the hacker finds a flaws in that casino then it will be most likely to get exploited by the hacker that will result in loss of funds or accounts of the gamblers. That's why casinos always work to make the security even more secured and find which is the reason why it got hacked and then fix it.

For newly launched casinos then you could initially able to determine on which one is something that scammy and which one is a serious business basing off with some factors specially on design and overall around.
Security is just a basic or standard thing for a business owner to mind off since this would really be a profitable business and involves big money if this business succeeds on which it would be normal
that you would really need to secure in terms of handling out the business well.NOthing is unhackable but you could take precautionary measures for you to avoid.

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

Quote from: Silberman on March 01, 2022, 02:21:01 PM

It is true that there is always a risk when playing at casinos that do not really have a long history in this market, however as long as people are prudent with their gambling then most of the time they are not going to have too much of a problem with those casinos, however the biggest risk at least when it comes to the topic at hand is to play in a casino that is relatively new but that got recent success, as that is the perfect scenario for a hacker to try to get some money as it is unlikely the security is as good as what they can find in established casinos and as such are easier to hack.

Not all new casinos are easier to hack but we can't deny that some are hacked when the casino success or starting to gain the gambler's trust. Even the old ones are hackable if the hacker finds a flaws in that casino then it will be most likely to get exploited by the hacker that will result in loss of funds or accounts of the gamblers. That's why casinos always work to make the security even more secured and find which is the reason why it got hacked and then fix it.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: rhomelmabini on February 25, 2022, 09:11:38 PM

Quote from: coin-investor on February 25, 2022, 06:51:25 PM

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).

You must always assume that when playing in your casino, any violation of their TOS will get you in trouble of course if you happens to play in a scam casino you are surely going to lose your money

You should always have to assume such things and other risks. These days it's hard to discern what a scam casino is so sticking around to old ones are the best course to do instead of changing from time to time or relying on these new casinos, most of new ones are an outright scam.

It is true that there is always a risk when playing at casinos that do not really have a long history in this market, however as long as people are prudent with their gambling then most of the time they are not going to have too much of a problem with those casinos, however the biggest risk at least when it comes to the topic at hand is to play in a casino that is relatively new but that got recent success, as that is the perfect scenario for a hacker to try to get some money as it is unlikely the security is as good as what they can find in established casinos and as such are easier to hack.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

Quote from: Ryker1 on February 23, 2022, 07:10:27 AM

Well perhaps leaving your crypto on a gambling casino wallet is still good for a short period of time like a day or weeks, beyond that --that is too risky.

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).
The goud thing, though, is that the money used for gambling is supposed to be a money you can afford to lose and you are supposed to be aware of the risks involved.
On the other hand, I believe securing customers funds is mainly the responsibility of the casino. The least they can do is to have a hot/cold wallet setup. This way even if they get hacked most funds will remain safe and it won't result in their bankruptcy.

That uncertainty about when a hack could happen gives hackers a great advantage, for example if they have discovered a vulnerability in the code of the casino from which they can get money instead of using it right away they can just wait until they hot wallet is full again and steal more money than if they just tried the hack at a random time.

And if they hackers are even more devious then they could wait until a whale decides to withdraw their money and the casino is forced to move more money than what they are used to into their hot wallet and then steal the money, giving themselves even more money and damaging the casino even more.

PX-Z

hero member

Activity: 1554

Merit: 880

Notify wallet transaction @txnNotifierBot

Quote from: goldkingcoiner on February 27, 2022, 03:58:17 AM

Well, if you consider smart contracts and cryptocurrencies of blockchains like for example, the Binance Smart Chain, then you pay mere cents for each bet. That does not sound like a lot to me? So you pay 14 cents and you bet instead of 1 USD, 86 cents. if you want. Seems fair. Even for the poorest among us, that kind of gambling should be affordable. Most bet at least 10 USD so the 14 cent fee won't even be noticable.

Perhaps there can be some sort of bonus system to even out the fees?

Then 1$~ish fee for every 10 bets is still not reasonable no matter what's the amount use to bet. Plus not so many are fond using tokens to play which mostly can only get from swaps or so.

If the gambling website will not implement bitcoin as payment option since the platform is made for smart contract I'm afraid it will be popular as what gambling website in this board.

qwertyup23

hero member

Activity: 2282

Merit: 795

Quote from: pinggoki on February 23, 2022, 07:41:23 AM

Quote from: Tellek Garing on February 18, 2022, 04:58:16 PM

Well said mate there have been a lot of vulnerabilities in so many gambling sites in the past and a good number of them could not survive the attacks and are forced to close down or pack up, both to aid further discussion on the subject of vulnerability we need to narrow it down to a particularly vulnerable aspect, e.g hack, scam and exit game this all mean different things but link to one thing which is a vulnerability in gambling.

The problem with hacks is that it's evolving together with the improvement of the security because some hackers aren't malicious, they just want to improve the security because there's going to be a fault in there eventually and thus they end up trying to improve it in advance so it's a never ending chase with hacks unlike scams that can easily be solved if people just think twice.

This is one of those problems that everything that exists in the internet faces- hacking through the cyberweb.

Imagine, Mt. Gox, the largest exchange which handled 70% of all the BTC transactions, were hacked and majority of the BTCs stored were stolen by scammers. Since the nature of cryptocurrency transactions can only be traced through wallet addresses (though this can easily be remedied by using mixers), those hackers were able to run with a hefty amounts of BTC in their pocket.

Similar to gambling websites, they should at least have a contingency when faced with this problem. Some banking institutions have insurance to their current members though I doubt that gambling websites would offer this kind of privilege to its members (but it's more than welcome!).

goldkingcoiner

legendary

Activity: 2268

Merit: 2050

A Bitcoiner chooses. A slave obeys.

Quote from: PX-Z on February 26, 2022, 02:32:56 PM

Quote from: goldkingcoiner on February 26, 2022, 12:44:52 PM

What we need is a gambling site which is as decentralised as possible and which does not store funds.

This idea is only good for the business, yes its somewhat secure the funds, but not a customer-friendly. If this is executed by a smart contract imagine you need to pay fee for transaction or gas everytime you bet from your wallet. This is not reasonable and no users will last not unless the fee is too small that it cannot affect enough your wallet balance.
Since bitcoin doesnt have smart contract that works like that then the gambling site will only work using its token? Nah, I don't think it can gather lots of users here though. You cab call it a revolutionary or secured, but nevermind.

Well, if you consider smart contracts and cryptocurrencies of blockchains like for example, the Binance Smart Chain, then you pay mere cents for each bet. That does not sound like a lot to me? So you pay 14 cents and you bet instead of 1 USD, 86 cents. if you want. Seems fair. Even for the poorest among us, that kind of gambling should be affordable. Most bet at least 10 USD so the 14 cent fee won't even be noticable.

Perhaps there can be some sort of bonus system to even out the fees?

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: Johnyz on February 26, 2022, 04:36:16 PM

Quote from: PX-Z on February 26, 2022, 02:56:51 AM

Quote from: traderethereum on February 26, 2022, 02:15:02 AM

So having a cold wallet for a casino is recommended because that can prevent hacking that can happen anytime.

Cold wallets has nothing to do for security of the gambling website to prevent the hacking.

If you mean it's used to minimize the damage of lost funds taken when a hack happens, then it's reasonable.

In any way, gambling websites should have the same security feature of what exchanges do, it may be a matter of # of funds stored in its hot wallet but it is still a fund to run the business and should be considered in high level of security.

Cold wallet is just a back-up plan and it can’t really prevent hackers, better to improve the whole system and increase the security on every account to avoid any big losses in the future.

I believe on exchanges security are doing great but I think gambling site can so better than them since there’s also a big money in gambling, they should invest more on their security so gamblers will have a peace of mind trusting that specific site.

There are still gambling sites who do only refill out their hotwallets if needed and most of the funds been accumulated or stored would be on their cold wallets yet its true that
gambling sites and exchangers are really that like honeypots for hackers yet this one involves millions of dollars which they could possibly stole.So far there were no huge breach
or exploits happen on gambling sites but we've seen some in the past which do proves out that its possible to be done and having those losses.So only
deposit on the amount which you can afford to lose as a user.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: PX-Z on February 26, 2022, 02:32:56 PM

Quote from: goldkingcoiner on February 26, 2022, 12:44:52 PM

What we need is a gambling site which is as decentralised as possible and which does not store funds.

This idea is only good for the business, yes its somewhat secure the funds, but not a customer-friendly. If this is executed by a smart contract imagine you need to pay fee for transaction or gas everytime you bet from your wallet. This is not reasonable and no users will last not unless the fee is too small that it cannot affect enough your wallet balance.
Since bitcoin doesnt have smart contract that works like that then the gambling site will only work using its token? Nah, I don't think it can gather lots of users here though. You cab call it a revolutionary or secured, but nevermind.

^ Nah, I will disagree also with the comment above that gambling casino is decentralized and need to bind your smart contracts which kill you from massive fees. We should be thankful that there are some gambling casinos willing to cover the fees when their user withdraw the fund how much more if we are going to pay the transaction fee which is very expensive or let's say a dynamic fee process. So, this is impossible to happen in a decentralized gambling casino. Nevertheless, by now, we should pick a trusted one and have strong security support if we are worried about getting hacked.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: PX-Z on February 26, 2022, 02:56:51 AM

Quote from: traderethereum on February 26, 2022, 02:15:02 AM

So having a cold wallet for a casino is recommended because that can prevent hacking that can happen anytime.

Cold wallets has nothing to do for security of the gambling website to prevent the hacking.

If you mean it's used to minimize the damage of lost funds taken when a hack happens, then it's reasonable.

In any way, gambling websites should have the same security feature of what exchanges do, it may be a matter of # of funds stored in its hot wallet but it is still a fund to run the business and should be considered in high level of security.

Cold wallet is just a back-up plan and it can’t really prevent hackers, better to improve the whole system and increase the security on every account to avoid any big losses in the future.

I believe on exchanges security are doing great but I think gambling site can so better than them since there’s also a big money in gambling, they should invest more on their security so gamblers will have a peace of mind trusting that specific site.

PX-Z

hero member

Activity: 1554

Merit: 880

Notify wallet transaction @txnNotifierBot

Quote from: goldkingcoiner on February 26, 2022, 12:44:52 PM

What we need is a gambling site which is as decentralised as possible and which does not store funds.

This idea is only good for the business, yes its somewhat secure the funds, but not a customer-friendly. If this is executed by a smart contract imagine you need to pay fee for transaction or gas everytime you bet from your wallet. This is not reasonable and no users will last not unless the fee is too small that it cannot affect enough your wallet balance.
Since bitcoin doesnt have smart contract that works like that then the gambling site will only work using its token? Nah, I don't think it can gather lots of users here though. You cab call it a revolutionary or secured, but nevermind.

goldkingcoiner

legendary

Activity: 2268

Merit: 2050

A Bitcoiner chooses. A slave obeys.

Quote from: PX-Z on February 26, 2022, 02:56:51 AM

Quote from: traderethereum on February 26, 2022, 02:15:02 AM

So having a cold wallet for a casino is recommended because that can prevent hacking that can happen anytime.

Cold wallets has nothing to do for security of the gambling website to prevent the hacking.

If you mean it's used to minimize the damage of lost funds taken when a hack happens, then it's reasonable.

In any way, gambling websites should have the same security feature of what exchanges do, it may be a matter of # of funds stored in its hot wallet but it is still a fund to run the business and should be considered in high level of security.

It really does not matter whether the website is for gambling or its a crypto exchange. Any site that you transfer your coins to is a decentralised place that now has full control over your funds. And doing KYC or whatever might protect you from a legal standpoint, in some cases, however in a practical sense, your coins are out of your hands. Not your keys not your coins.

What we need is a gambling site which is as decentralised as possible and which does not store funds.

PX-Z

hero member

Activity: 1554

Merit: 880

Notify wallet transaction @txnNotifierBot

Quote from: traderethereum on February 26, 2022, 02:15:02 AM

So having a cold wallet for a casino is recommended because that can prevent hacking that can happen anytime.

Cold wallets has nothing to do for security of the gambling website to prevent the hacking.

If you mean it's used to minimize the damage of lost funds taken when a hack happens, then it's reasonable.

In any way, gambling websites should have the same security feature of what exchanges do, it may be a matter of # of funds stored in its hot wallet but it is still a fund to run the business and should be considered in high level of security.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

Quote from: Ryker1 on February 23, 2022, 07:10:27 AM

Well perhaps leaving your crypto on a gambling casino wallet is still good for a short period of time like a day or weeks, beyond that --that is too risky.

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).
The goud thing, though, is that the money used for gambling is supposed to be a money you can afford to lose and you are supposed to be aware of the risks involved.
On the other hand, I believe securing customers funds is mainly the responsibility of the casino. The least they can do is to have a hot/cold wallet setup. This way even if they get hacked most funds will remain safe and it won't result in their bankruptcy.

If the money we have in the casino is not too big, then maybe it will be felt by us but some gamblers leave a lot of money on the gambling table because they think to use that money to gamble at another time.
And when a hack occurs, their money can be lost to be taken by that hacker but if the casino has the money stored in a safe place, it will not be a concern for them because their money is still safe.
Yes, it would be better if we only use the money we can afford to lose, regardless of whether it's a hacker problem or losing because of that money we use to gamble.
So having a cold wallet for a casino is recommended because that can prevent hacking that can happen anytime.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

There was one thread here, probably a year ago can't really remember where one user reported his funds being locked due to exploiting something, when in reality what happened was that he indeed exploited something BUT the funds that were locked didn't exactly come from the exploit. Instead, the money he got from that exploit was used to play on something else, and he got really lucky, and he won a pretty sizeable amount iirc. The issue was resolved peacefully afaik, but I can't remember what the site was. The game was slots I think? My memory is failing me lmao.

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

The goud thing, though, is that the money used for gambling is supposed to be a money you can afford to lose and you are supposed to be aware of the risks involved.
On the other hand, I believe securing customers funds is mainly the responsibility of the casino. The least they can do is to have a hot/cold wallet setup. This way even if they get hacked most funds will remain safe and it won't result in their bankruptcy.

Still leaves a bad taste in one's mouth though. In any case, getting hacked always does that. Whether it's a big casino or us personally, just that in case of a third party holding our funds, we technically have someone to blame though afaik, most TOS indicates that they probably hold no responsibility for hacked funds, especially if the hack came from the user side themselves and not through their system.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: coin-investor on February 25, 2022, 06:51:25 PM

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).

You must always assume that when playing in your casino, any violation of their TOS will get you in trouble of course if you happens to play in a scam casino you are surely going to lose your money

You should always have to assume such things and other risks. These days it's hard to discern what a scam casino is so sticking around to old ones are the best course to do instead of changing from time to time or relying on these new casinos, most of new ones are an outright scam.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: judeafante on February 10, 2022, 04:57:23 PM

Quote from: dunfida on February 10, 2022, 03:26:18 PM

Here's some similar scenario but this one only talks about 35 BTC.
https://bitcointalksearch.org/topic/rollinio-hacked-1340581

It was on Rollin.io which is already dead or down as of this moment.Nothing on this world is unhackable no matter how tough the security would be. Tongue

But in the case of the casino, once it's hacked that's the end of that casino, only big casinos offer refunds or protect their player's money compared to exchanges where they can do a refund and insured their trader's money, I don't think there's the same guarantee that they can offer that they will do a refund.

Well, it all depends mate, if a really big casino is hacked, what it really need is decision, if they decide to go on or continue, they can still put their shit together and continue, they will at last strive and survive, it is the same with exchanges, even smaller exchanges don't survive when they get hacked, if you've been in this space long enough, you should know cryptopia, cryptopia was my most favorite exchange back then, I lost a lot of money on that exchange when they got hacked, though they claim to have refunded customers, I filled the form but never heard or received anything from them.

Exchanges are bigger and a more serious business than casinos, and I think this is why casinos don't survive after they are hacked, but like I've said before, it boils down to decision, and one of the factors that influence the decision is the impact of the hack, how big or small it is.
And one other thing I will like to add is that, when big exchanges get hacked and they decide to quit, they have more to loose than a big casino getting hacked and deciding to quit, building a big exchange is a tedious task and process compared to casino, this is why it is very hard for exchanges to give up easily because they loose more when they quit due to hack.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on February 25, 2022, 03:11:15 PM

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).

You must always assume that when playing in your casino, any violation of their TOS will get you in trouble of course if you happens to play in a scam casino you are surely going to lose your money

Quote

The goud thing, though, is that the money used for gambling is supposed to be a money you can afford to lose and you are supposed to be aware of the risks involved.

The most important thing is you enjoy the game and you have a good feeling after the game win or lose because this is what casinos are offering to their players

Quote

On the other hand, I believe securing customers funds is mainly the responsibility of the casino. The least they can do is to have a hot/cold wallet setup. This way even if they get hacked most funds will remain safe and it won't result in their bankruptcy.

They will lose loyal players if they cannot secure the funds of their players, there's a lot of risk playing but players can play comfortably knowing if they won they will get the money.

khaled0111

legendary

Activity: 2744

Merit: 3097

Top Crypto Casino

Quote from: Ryker1 on February 23, 2022, 07:10:27 AM

Well perhaps leaving your crypto on a gambling casino wallet is still good for a short period of time like a day or weeks, beyond that --that is too risky.

The problem here is that you don't know when a hack will happen. So, it doesn't really matter for how long you leave your cryptos on the casino. But, surely, the shorter the less risky! (not your keys not your money).
The good thing, though, is that the money used for gambling is supposed to be a money you can afford to lose and you are supposed to be aware of the risks involved.
On the other hand, I believe securing customers funds is mainly the responsibility of the casino. The least they can do is to have a hot/cold wallet setup. This way even if they get hacked most funds will remain safe and it won't result in their bankruptcy.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: worldofcoins on February 10, 2022, 12:54:00 PM

What was the total number of exploits and which ones were the lethal ones, I think that hufflepuff guy on primedice did the most damage.
The exploit was called something like "Race time condition" and I read something similar in my CS class but it was related to a banking system so it could be different.

hufflepuff lol. I remember this guy. I don't have any proof or whatsoever but I remember I was reading lots of stuff about him being a made up account by the casino so they could make a name for themselves. Like I said maybe he was genuine but I wouldn't be surprised if that was a fake event just to gather people's attention. Big casino lost millions of dollars to a random hillbilly is always big news.

Topic: Vulnerabilities in gambling websites in past - page 27. (Read 6983 times)