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Home » Blockchain-based Gambling Platform EOSPlay Hacked, Hacker Makes Away With $100,000 Worth Eos Tokens
Crypto Gambling Game EOSPlay Hacked, Hacker Makes Away With $100,000 Worth Eos Tokens
Crypto Gambling Game EOSPlay Hacked, Hacker Makes Away With $100,000 Worth Eos Tokens
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Blockchain-based Gambling Platform EOSPlay Hacked, Hacker Makes Away With $100,000 Worth Eos Tokens

The security of blockchain-based gambling platform EOSPlay has been compromised and a hacker managed to get away with digital tokens worth $100,000.

EOSPlay is also amongst the world’s leading blockchain-based crypto gaming platform with a daily volume of over $314,000. Statistically speaking it is the 8th most popular gambling dApp (Decentralized Application).

According to the reports, the hacker made good of a bug in the game which allowed him to steal 30,000 EOS tokens through the EOS REX service.

To make it feasible, the hacker first made a deposit of 300 EOS tokens (approx. $1,100) and used it to open multiple transaction channels. With several channels the congested the network which in turn effectively limited the network bandwidth. It was during this short period when the hacker managed to duplicate several times without being noticed.

Dan Larimer, CTO of EOS’s parent company Block. One has said that it is one incident and that the rest of the network remains unaffected and therefore there is nothing much to worry about.

“The network didn’t freeze for token holders, there was just no extra bandwidth available for free use,” he said.
Security has been a concern with blockchain-based gaming platforms.

Earlier this year in April, a Dapp gambling platform on Tron network disappeared in thin air, duping several crypto gamblers of their hard-earned digital tokens. According to the estimates over 59 million DOO tokens owned by 1,204 investors, were still in circulation when the platform just disappeared.

About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at [email protected]

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