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Leading Casino App on EOS Loses $200,000 on Smart Contract Exploit

Published 09/18/2018, 05:49 AM
Updated 09/18/2018, 07:00 AM
 Leading Casino App on EOS Loses $200,000 on Smart Contract Exploit
EOS/USD
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EOSBet, a popular decentralized casino app that is running on the EOS platform, has suffered a hack attack, with some 40,000 EOS, worth around $200,000 at current prices, diverted from one of its operational wallets. The EOSBet team only gave general details of the exploit, while investigations are ongoing. A recent Reddit thread confirms the hacking, and gives a glimpse of further problems for EOS, including testnet attacks and spam.

The EOSBet team is currently unrolling security updates, changing the payout and storage mechanisms.

“Effective now, we’ve moved ~75% of the bankroll out of our hot wallet and into reserves. Simultaneously, we&r...


This article appeared first on Cryptovest

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