Primedice Bitcoin Gambling Site Hacked for $1M
Primedice, one of the biggest bitcoin gambling sites, has suffered a loss of $1 million when one of its members figured out a way to game the system. The user went under the name "Hufflepuff" and was able to device a method to hack the dice roll game that allows people to win bitcoin. According to the company's CEO, they are offering rewards to anyone with information that can help them recover the lost money. The company had actually been able to figure out that "Hufflepuff" has been gaming the system but the user declined to return the funds. Bitcoin Gambling Game. Primedice's system....
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Below is a list of some of the best known online Bitcoin gambling websites on the internet. SatoshiDice: Satoshi Dice represents the first big buyout for a Bitcoin company, when then CEO Erik Vorhees sold the website for $11.5 million. The site offers provably fair Bitcoin casino games, and guarantees “fast betting, instant payouts, wheel of fortune, slots, free Bitcoin faucet” and other features. Primedice: Primedice is one of the most popular online Bitcoin games in the world. With an online social presence, one can get familiar with the individuals who run the website. Late last year,....
Bitcoin gambling site Primedice will shift its focus to Russia and China following its decision to block US and Australia-based customers. The company, which announced Thursday it had stopped serving US and Australia-based customers due to regulatory uncertainty in both countries, is now seeking to grow its second and third largest client bases. A spokesperson for Primedice said that the company was not expecting to come across legal issues in neither Russia nor China. When asked about the implications of the restrictions, the spokesperson continued: "We've had to give up nearly 50% of our....
PrimeDice's sleek interface is designed to provide a relaxing atmosphere. Since early in the history of bitcoin, dice-casino websites have been a popular way for gamblers to risk their bitcoin for big profits, or big losses. However, gambling in a traditional casino as a high-roller comes with free drinks, free rooms, and the kind of coddling a website can not provide. Where many sites have struggled with this, PrimeDice brings to the table a unique, sleek design, a free bitcoin faucet, and a free automated betting system so even the most challenged user can try his luck at bot-betting. I....
Primedice, an online gaming site, learned a hard lesson when it lost $1 million in bitcoin to a hacker that exploited its RNG (random number generation) system last year. The company recently shared its experience on Medium, a website where people share stories. Stunna, the author of the story said the company wanted to share its experience so that others can learn from it. Primedice has also invited readers for help in recovering its losses and promises rewards for helpful leads. Unusual Patterns Emerged. In August of 2014, Primedice released its third version after one week of closed....
Over one year ago, the launch of Erik Voorhees' SatoshiDice marked the moment that Bitcoin gambling took its first major step into the mainstream. The site offered a level of convenience unmatched by any Bitcoin gambling site - indeed, any online gambling site regardless of payment method, in history: users send money to a Bitcoin address, and if they win they immediately get more money back. The site was an instant hit, rapidly growing to such a point that roughly 50% of all transactions on the Bitcoin network were to or from its addresses. By the beginning of 2013, the site was earning....