Duelbits.com| Casino Sportsbook| Loss back | VIP| Instant Withdraws

[Wind_FURY]

Duelbits team posted an update earlier stating that they are performing final security checks to make sure everything is fully secure before fully bringing the site back online which is the right call since rushing could render the site prone to more attacks later.

Am pretty confident that they will return with upgraded security etc sooner rather than later, but I hope hackers didn't access users KYC information along with the 7 million regardless of what Duelbits stated.

I just checked and it seems their casino is back on track, I was able to access to their dashboard. So I assume they are already recovered in the sense they can again allow people to gamble and bet in sports.

I would expect a lot of people to try to withdraw their money because of the initial scare of having their crypto on a casino which suffered such a huge vulnerability.

Plus allow their users to withdraw from the casino. I believe that should be a more important matter, and it will indicate that the casino is OK, and therefore help in making their users relaxed and have less possibility to panic.

Furthermore, exchanges and casinos are probably the most profitable companies in crypto. Duelbits will earn everything back, secure their systems, and move forward.

In this case Duelbits is fortunate to be a very big, recognized and liquid company within the world of gambling and betting. Not all casinos in this ecosystem would be able to take a hit of over 7 million dollars and continue in business as if nothing had happened.

It reminds me when something similar happen to Stake, and Stake also continued as if something had happened.
But let us not be mistaken, if this happened to a smaller casino with a limited number of funds and gamblers, then everyone would have lost their money.

   👍

Plus those larger casinos have rich private investors that could send them the liquidity they need if they have some problems with their finances. Because the business is so profitable, they could also ask for money in exchange for shares of the company to get the needed liquidity.

Those smaller casinos don't have such massive advantage because they willbe left to die, unless another larger casino would want to buy them out of the business.

[Cookdata]

-Duelbit is back online.
-$8m topped accross hot and cold wallets
-Deposits and Withdrawals resumed
-Deposit addresses changed

https://x.com/duelbits/status/2104074754701611398

[SquirrelJulietGarden]

-Duelbit is back online.
-$8m topped accross hot and cold wallets
-Deposits and Withdrawals resumed
-Deposit addresses changed

https://x.com/duelbits/status/2104074754701611398

It's good as very first important steps of rebuild, security check, audits, and wallet top-ups were done for a launch of Duelbits 2.0 that is very nearly.

I followed up news about this hack as well as responses from Duelbits but as far as I know, there is no news about what to do with stolen fund $8M. Like a latest exchange hack on Bitget with about $390M, Bitget asked for support from Tether, other stablecoin companies and centralized exchanges to help them to freeze funds if identified as from Bitget hackers.

So far, not sure what Duelbits already did and will plan to do with fund stolen by hackers.

Stablecoins can be easily frozen by issuers.

[Haunebu]

I followed up news about this hack as well as responses from Duelbits but as far as I know, there is no news about what to do with stolen fund $8M. Like a latest exchange hack on Bitget with about $390M, Bitget asked for support from Tether, other stablecoin companies and centralized exchanges to help them to freeze funds if identified as from Bitget hackers.

So far, not sure what Duelbits already did and will plan to do with fund stolen by hackers.

Those funds are most likely gone unless the hackers do something really, really stupid which I doubt they will especially after conducting such a well-coordinated attack. Most cases usually resolve in this manner in the cryptocurrency world sadly.

Duelbits has pretty much returned with a 2.0 version, but they really need to improve their security protocols if they wish to avoid a 3.0 version, 4.0 version etc etc in the future.

[SquirrelJulietGarden]

Those funds are most likely gone unless the hackers do something really, really stupid which I doubt they will especially after conducting such a well-coordinated attack. Most cases usually resolve in this manner in the cryptocurrency world sadly.

I know about that fact but likely does not mean certainly and even there is small chance to get the fund back, why don't try it. In addition, I am realistic that there is no chance for getting 100% of hacked fund back but getting a part of it is quite possible, especially if hackers had stablecoins which can be easily frozen by stablecoin issuers.

Hackers are not free from fund freeze and legal issues, it's only we mostly fail to catch them and trace their stolen fund money laundering after hacks.
They swapped USDT to TRX and to ETH.

Duelbits has pretty much returned with a 2.0 version, but they really need to improve their security protocols if they wish to avoid a 3.0 version, 4.0 version etc etc in the future.

It's very important and they will have to do that for their platform security after this hack.

[TopTort777]

It's good as very first important steps of rebuild, security check, audits, and wallet top-ups were done for a launch of Duelbits 2.0 that is very nearly.

I followed up news about this hack as well as responses from Duelbits but as far as I know, there is no news about what to do with stolen fund $8M. Like a latest exchange hack on Bitget with about $390M, Bitget asked for support from Tether, other stablecoin companies and centralized exchanges to help them to freeze funds if identified as from Bitget hackers.

So far, not sure what Duelbits already did and will plan to do with fund stolen by hackers.

Stablecoins can be easily frozen by issuers.

If blockchain start freezing funds often (for example after each hack) then this will be the beginning of the end of this blockchain, as users wont trust it. It will mean that it is so much centralized and that anyone powerful and rich can manipulate. Imho that is not how hacks should be solved.  All those freezing and rolling back data hurts reputation. It shakes trust to blockchain. Internet police or authorities must track and catch hackers, not blockchain should be involved in finding solution.

[SquirrelJulietGarden]

Stablecoins can be easily frozen by issuers.

If blockchain start freezing funds often (for example after each hack) then this will be the beginning of the end of this blockchain, as users wont trust it. It will mean that it is so much centralized and that anyone powerful and rich can manipulate. Imho that is not how hacks should be solved.  All those freezing and rolling back data hurts reputation. It shakes trust to blockchain. Internet police or authorities must track and catch hackers, not blockchain should be involved in finding solution.

Blockchains freeze coins of users is terrible but what I shared is not about that, did you read it?
Stablecoins are deployed and issued on available blockchains but they are not blockchains.

It's about issuers, stablecoin issuers can freeze stablecoins in non custodial wallets.
Stablecoins and blacklists.
https://duneanalytics.com/phabc/usdt---banned-addresses
https://duneanalytics.com/phabc/usdc-banned-addresses

[julerz12]

-Duelbit is back online.
-$8m topped accross hot and cold wallets
-Deposits and Withdrawals resumed
-Deposit addresses changed

Ok, that's all good, but then we still didn't know what exactly happened and how their platform was breached.

more detailed update is coming very soon.

I'm waiting for them to post more details about that, as well as what steps they're taking to ensure that's not gonna happen again because based on this post by CertiK and this article, they've been hacked before, too.
The previous hack (Feb. 2014 2024 *typo) cost them around $4.6m. Geez I do hope there won't be a third time.  

[BitBakerr1]

-Duelbit is back online.
-$8m topped accross hot and cold wallets
-Deposits and Withdrawals resumed
-Deposit addresses changed

https://x.com/duelbits/status/2104074754701611398

Good news, I know they will actually do everything possible to come back because they make huge amount of money and they have already built a very good and trusted casino and they can’t just abandon it like that.
They are very certain that if they should come back, they are going to recover all the money they have lost so coming back was the best option.
Now that they have come back, they should make their security system very strong so that hackers cannot penetrate them anymore, they should spend more money on their security.

[SquirrelJulietGarden]

I'm waiting for them to post more details about that, as well as what steps they're taking to ensure that's not gonna happen again because based on this post by CertiK and this article, they've been hacked before, too.
The previous hack (Feb. 2014) cost them around $4.6m. Geez I do hope there won't be a third time.  

It was in February 2024, not 2014.
They are back but surely it takes some time for everything back to normal.

Follow Joe (co-founder) or Duelbits account for next updates on X.

Here is a newest post from Joe.

We're back. 🟢

Might be some small hiccups here or there as we get all our services back to normal.

⚠️Deposit addresses have changed. Always get your new one from your account.

[Free Market Capitalist]

Those funds are most likely gone unless the hackers do something really, really stupid which I doubt they will especially after conducting such a well-coordinated attack. Most cases usually resolve in this manner in the cryptocurrency world sadly.

Duelbits has pretty much returned with a 2.0 version, but they really need to improve their security protocols if they wish to avoid a 3.0 version, 4.0 version etc etc in the future.

If you're going to reply in the same thread, you could take the time to see if anyone has addressed you since your last post and answer their questions. Because what you're saying this time makes sense, but what you said a couple of days ago didn't make much sense. Although, seeing as you've only earned 6 merits in the last 120 days, it doesn't seem like you're very interested in debating—just in writing to get paid.

[DPHOR]

They are back but surely it takes some time for everything back to normal.

Follow Joe (co-founder) or Duelbits account for next updates on X.

Here is a newest post from Joe.

We're back. 🟢

Might be some small hiccups here or there as we get all our services back to normal.

⚠️Deposit addresses have changed. Always get your new one from your account.

I saw the update as well because is not actually that easy for gambling site, but I am just happy that they have put much effort to stand strong to restore back everything so easily and quickly. At least, since they have changed their address those who usually make deposit with old address should be at least check back before making deposit. This has also strengthen their security system as well, it could be very hard for another attack again on their site.