Blockchain betting app mocks competitor for getting hacked. Gets hacked four days later
hacker going online by the pseudonym of "aabbccddeefg" has exploited a vulnerability to steal over 24,400 EOS coins ($125,000) from a blockchain-based betting app.
The hack took place last night, and the targeted app is called EOSBet Dice, run by a company named EOSBet Cassino. The app lets users bet EOS cryptocurrency as part of a classic dice game
The game has been running online for a few months, but yesterday, a Reddit user spotted that an EOS user named aabbccddeefg had siphoned a large stack of funds from the EOSBet Dice's shared money pool.
The Redditor says he identified a vulnerability in the dice game's source code --which, in turn, was based on an open source EOS dice-betting game called Fair Dice.
The hacker operated by sending a transaction to the EOSBet main game account, which exploited a lack of proper parameter checks that allowed the hacker to trick the game into sending back fake earnings.
https://www.zdnet.com/article/blockchain-betting-app-mocks-competitor-for-getting-hacked-gets-hacked-four-days-later/
#news
#breach
#btc
#cryptocurrency
@sec_nerd_en
hacker going online by the pseudonym of "aabbccddeefg" has exploited a vulnerability to steal over 24,400 EOS coins ($125,000) from a blockchain-based betting app.
The hack took place last night, and the targeted app is called EOSBet Dice, run by a company named EOSBet Cassino. The app lets users bet EOS cryptocurrency as part of a classic dice game
The game has been running online for a few months, but yesterday, a Reddit user spotted that an EOS user named aabbccddeefg had siphoned a large stack of funds from the EOSBet Dice's shared money pool.
The Redditor says he identified a vulnerability in the dice game's source code --which, in turn, was based on an open source EOS dice-betting game called Fair Dice.
The hacker operated by sending a transaction to the EOSBet main game account, which exploited a lack of proper parameter checks that allowed the hacker to trick the game into sending back fake earnings.
https://www.zdnet.com/article/blockchain-betting-app-mocks-competitor-for-getting-hacked-gets-hacked-four-days-later/
#news
#breach
#btc
#cryptocurrency
@sec_nerd_en
ZDNet
Blockchain betting app mocks competitor for getting hacked. Gets hacked four days later
Hacker steals roughly $220,000 from blockchain-based online gambling app by exploiting vulnerability in EOS smart contract (game's source code).
How does a #Bitcoin Transaction work? {Infographic}
#blockchain #fintech #BTC #CyberSecurity #DLT #innovation #cryptocurrency #infosec #disruption #Security #Crypto
@sec_nerd_en
#blockchain #fintech #BTC #CyberSecurity #DLT #innovation #cryptocurrency #infosec #disruption #Security #Crypto
@sec_nerd_en