Other Research Assessment

Country
Pakistan

Source
Cybercrime report

Title
EOSBet Gambling site hacked (2018)

About
Hackers used EOS wallets equipped with malicious code. They then proceeded to trigger targeted wallets to send cryptocurrency every time they made transactions among themselves. The code then activated EOSBets‘ “transfer” function, which would automatically match the EOS transferred in equal amounts between the hackers from its operational wallets. Crediting their account with 40,000 EOS tokens, worth $200K and again in a 2nd attack this time 65,000 Tokens worth $338K.

Key findings
EOSBet did not reveal the extent of the hack but did confirm that it was not a system vulnerability and have since patched the platform. EOSBet posted on medium their intent to bring more security into the system with the code being audited “extensively” by developers.

Website
https://blockmanity.com/news/eos-gambling-dapp-eosbets-hacked-338k-stolen/