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Author Topic: Vulnerabilities in gambling websites in past  (Read 6686 times)
Fredomago
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September 27, 2022, 08:46:19 AM
 #481


Indeed it will come with a package, good and bad things but it will depend on how the team can work optimally to protect their place of business and anticipate if something bad comes. And most big casinos will have their own ways of dealing with any incident that may come their way, especially if it is a trusted and reputable casino. Casinos will always try to minimize the worst that can happen and inviting people to find leaks on their site is a good way to find out so they can get to work on fixing them immediately.

Big and established casinos also invest with good teams to protect them and secure their business. It's an additional layer of support if in case there are exploits that may happen, some also provide extra bonuses to those who will report the concern. Anyhow, they are protecting their business and they are making sure that the confidence and trust that they develop between them and the players/gamblers will not be ruined by any event that will affect their business.

Though in some incidences there are cases that the house needs to address but they will do everything to minimize the time in solving the issue and serve it as good references in case other problems will show up.
That is correct. Only ensuring that gamblers still trust the casino helps the casino stay afloat and grow its business to become even bigger. The casino will use a team of experts to provide protection and prevent bad things that might happen. So far, for the big casinos, there are very few cases of such leaks or maybe the casino doesn't announce it to its members to prevent excessive worry. Besides, the casino can still handle it well so they don't tell it.

Every casino needs to do this, especially those just launched, to pay attention to security issues on their sites. This is to provide comfort and security to its members when they play so that there will be no disturbance.

Yah, the idea is not to bring any fear so if there are cases that happened casino needs to work it out and not to allow any misinterpretation coming from anyone, it's a best practice making sure that you are doing your best to resolve any possible problem that being raise right away, if you can do that the trust will solidify and more players/gamblers will continue to use the platform.

Casino owners need to ensure that the trust gamblers given to them will be rewarded by good service and better securement of their funds.


I think we forgot to talk about one of the most dangerous attacks which is social engineering. Human are the weakest ring of the chain.
It doesn't matter how secure the casino servers or the platform codes are or how experienced the security team is if one of the staff can be easily manipulated or fooled. A casino can get hacked and customers funds stolen just because an unaware customer support agent clicked on a malicious link he got on a phishing email.
Security awareness training is as important as securing servers and vulnerability patching.

I have not worked in live customer support, but I have worked as an agent who enabled the booking of games for players who want to have a betting slip because some do not have mobile phones or reliable internet and I can say that it will be hard to hack any server. Penetrating a server will require external insider work because what customer supports do is collect reports problems and ID from players and forward them to the appropriate team who are supposed to fix those problems, the only thing saved at the back end for customer support is the achieved chat between the player and the customer support.

It's a best practice for any casino owners to maintain secure business, paying high-end security services will give you better and active defense to any threat of hackers, though we can also take note that insiders can be inside the security itself, the vulnerabilities can be inside the defense facilitators, it's a case to case basis.

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gunhell16
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September 27, 2022, 10:47:08 AM
 #482

It is not as if those casinos have too much of an option, gamblers are becoming more sophisticated and now not only they want to have as many bonuses as it is possible for the casino to give them they also want to have the best security possible as we know that cryptocurrency transactions are irreversible, and casinos are answering to that demand since it is in their best interest to do so, because if they failed to do that and they were hacked then they will lose a great deal of their customers in a heartbeat.

That's why there is a marketing strategy for the gamblers to stay in their games so that they don't lose their money from the games they play on their goat platforms so that the gamblers like and stay more to play to gamble here.

That's why gambling platforms are also making ways to secure the personal information of their clients. As long as possible, they have an antidote to those who will try to hack their platform.




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ethereumhunter
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September 27, 2022, 07:29:37 PM
 #483


Indeed it will come with a package, good and bad things but it will depend on how the team can work optimally to protect their place of business and anticipate if something bad comes. And most big casinos will have their own ways of dealing with any incident that may come their way, especially if it is a trusted and reputable casino. Casinos will always try to minimize the worst that can happen and inviting people to find leaks on their site is a good way to find out so they can get to work on fixing them immediately.

Big and established casinos also invest with good teams to protect them and secure their business. It's an additional layer of support if in case there are exploits that may happen, some also provide extra bonuses to those who will report the concern. Anyhow, they are protecting their business and they are making sure that the confidence and trust that they develop between them and the players/gamblers will not be ruined by any event that will affect their business.

Though in some incidences there are cases that the house needs to address but they will do everything to minimize the time in solving the issue and serve it as good references in case other problems will show up.
That is correct. Only ensuring that gamblers still trust the casino helps the casino stay afloat and grow its business to become even bigger. The casino will use a team of experts to provide protection and prevent bad things that might happen. So far, for the big casinos, there are very few cases of such leaks or maybe the casino doesn't announce it to its members to prevent excessive worry. Besides, the casino can still handle it well so they don't tell it.

Every casino needs to do this, especially those just launched, to pay attention to security issues on their sites. This is to provide comfort and security to its members when they play so that there will be no disturbance.

Yah, the idea is not to bring any fear so if there are cases that happened casino needs to work it out and not to allow any misinterpretation coming from anyone, it's a best practice making sure that you are doing your best to resolve any possible problem that being raise right away, if you can do that the trust will solidify and more players/gamblers will continue to use the platform.

Casino owners need to ensure that the trust gamblers given to them will be rewarded by good service and better securement of their funds.
Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.

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erep
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September 27, 2022, 08:26:29 PM
 #484

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 24/7 to protect gamblers from bad vulnerabilities from outside attacks.

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khaled0111
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September 27, 2022, 09:07:40 PM
 #485

I have not worked in live customer support, but I have worked as an agent who enabled the booking of games for players who want to have a betting slip because some do not have mobile phones or reliable internet and I can say that it will be hard to hack any server.
No not really. Actually, you just proved my point.
The problem is that most of those customer support agents or whatever their position is, don't know what privileges they have and how those privileges can be exploited by a malicious party.
You say that you don't have direct access to the casinos' servers! OK, can you tell me where the "archived chat" is saved? Am sure it will be saved on a device that's on the same local network as the casino's script.
If your account get hacked, don't you think that your boss will click on whatever you (actually the hacker) will send him?
I hope you got the point.

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ethereumhunter
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September 28, 2022, 03:10:56 AM
 #486

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 4/7 to protect gamblers from bad vulnerabilities from outside attacks.
That's what makes every casino try to get positive feedback from many gamblers and, by providing the best service to users, can earn their trust. Yes, surely every top and reputable gambling site already have certain ways that they will use to deal with every vulnerability from hackers. And although hackers will continue to try to penetrate the casino's security system, the casino's security team will not stand still. This makes the casino's security team must always be on standby and work 24/7 to protect the site and especially the data of each user from outside attacks. If they can protect it slowly, the casino will get positive feedback, providing an opportunity to get more users to their casino.

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September 28, 2022, 04:37:53 PM
 #487

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 24/7 to protect gamblers from bad vulnerabilities from outside attacks.


They have expert people to handle and maintain the security of their business, it's a big issue if they fail to deliver good security to their customer it will cause them trust and possibilities that those patrons to move away and start finding new services that will give them solid securities. The very reason why customer service or helpdesk are always active in each casino site they are making sure that any potential threats that may attack them will be verify to the customer and make sure that it won't affect the account, they are working on it and trying to resolve it the soonest that they can.

Vulnerabilities are the things that casino owners and developers need to secure in protecting the business.

Any kind of exploits need to be resolved in order to avoid further damages from the business.

..Stake.com..   ▄████████████████████████████████████▄
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stomachgrowls
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September 28, 2022, 06:59:18 PM
 #488

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 24/7 to protect gamblers from bad vulnerabilities from outside attacks.


They have expert people to handle and maintain the security of their business, it's a big issue if they fail to deliver good security to their customer it will cause them trust and possibilities that those patrons to move away and start finding new services that will give them solid securities. The very reason why customer service or helpdesk are always active in each casino site they are making sure that any potential threats that may attack them will be verify to the customer and make sure that it won't affect the account, they are working on it and trying to resolve it the soonest that they can.

Vulnerabilities are the things that casino owners and developers need to secure in protecting the business.

Any kind of exploits need to be resolved in order to avoid further damages from the business.
Its a standard thing which it is really that impossible for a business like this on wont having some allocation or budget considering that this business does involved big or huge money.AS an owner then you would really

be basically be considering on strengthening up the security because it could fucked up entirely your business if you do just let those hackers and exploiters to milk out the site once they do find a hole.

This is why its really important that it should really be putting up some concern in related to this one.You cant really just ignore nor give emphasis in regards to security.
We've seen lots of hacks and exploits.

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September 29, 2022, 10:14:16 PM
 #489

These days it's a must to have a casino license if you own a casino, most of the stuff in crypto and blockchain is getting centralized continuously, and simultaneously it's just a matter of time when the government have their own blockchain, I've heard something about Solana that it's a centralized crypto I'm not sure if that's true but I'm going to do quick google search after posting this reply.

I'm not sure if casinos really need a license, we can see some casinos operating since some years ago without one and they still alive, a couple of examples are freebitco(dot)in and Just-Dice.

And the fun part is that people trust more on a provably fair site, than a site who don't allow users to verify their rolls but they have a license.

The problem to play in a casino without a license is that we can't complain if something goes wrong with it.
There's always cons always attached on that which means that if ever there is some scamming incident then there's no way that we could really able to retrieve our funds since they arent regulated which is the only
problem i do saw into those platforms that doesnt have a license.Its true that as long they do able to make out that kind of transparency or being fair then its no surprise that the community will really be having that
kind of trust and confidence on dealing with it despite on having no license at all.People should really be removing into their minds that having licenses isnt everything or does ensure fairness or credibility.
Although it turns out to be that a standard thing on having one.

Well actually I did not know that Freebitco.in did not have a license, if it was not for the seoincorporation colleague I would not have known anything, I think these things are very interesting, and you are right there are many people who trust these platforms 10000%, I I am one, plus I who knew everything about Bitcoin thanks to that platform, well it really surprises me and this world is so big and so small at the same time, that sometimes small things surprise.

When I started playing on freebitco.in not only me, but many people have blindly trusted, and now that I know about freebitco.in I think I trust even more, even if they don't have a license, the dangers that exist are many, but, this life is risky right?

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 24/7 to protect gamblers from bad vulnerabilities from outside attacks.


They have expert people to handle and maintain the security of their business, it's a big issue if they fail to deliver good security to their customer it will cause them trust and possibilities that those patrons to move away and start finding new services that will give them solid securities. The very reason why customer service or helpdesk are always active in each casino site they are making sure that any potential threats that may attack them will be verify to the customer and make sure that it won't affect the account, they are working on it and trying to resolve it the soonest that they can.

Vulnerabilities are the things that casino owners and developers need to secure in protecting the business.

Any kind of exploits need to be resolved in order to avoid further damages from the business.

Well one of the things that keep casinos on top as the best is that, the security they offer to customers, and the truthfulness they have to solve possible Hacking problems, in the stake.com casino they always make updates of this type for DDOS attacks, which sometimes the platform is put into maintenance for a few minutes, or hours, but it is worth it because it offers security, it is also important additional security layers such as those of 2fa, many see it as a nuisance , but it is really necessary to do it, I think that all these things add up to be better, and yes, for me a casino will always be the best because they provide more security.


Its a standard thing which it is really that impossible for a business like this on wont having some allocation or budget considering that this business does involved big or huge money.AS an owner then you would really

be basically be considering on strengthening up the security because it could fucked up entirely your business if you do just let those hackers and exploiters to milk out the site once they do find a hole.

This is why its really important that it should really be putting up some concern in related to this one.You cant really just ignore nor give emphasis in regards to security.
We've seen lots of hacks and exploits.

You are right, hacks and exploits are seen in many more cases of nascent casinos that do not have a very good reputation or that are in reputation = Neutral and are beginning to be known, at first it is difficult, because many people can deposit and play actively, then if they are good in the process of withdrawing funds, if there are some vulnerabilities such as putting withdrawals in manual mode, that all has to do with the good execution of a casino, that is why that is very important Some casinos that are well established don't have those exploit problems, but they still take great care by investing a lot of money in their security.

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September 29, 2022, 11:31:27 PM
 #490

Gaining the trust of the gamblers is very important for the advancement of the casino because if the level of trust from the users is reduced, it will also reduce the income level of the casino. In the short, medium and long term, more and more people will leave the casino if they don't try to solve every case.

Providing security for every gambler can also be a way to gain the users' trust because no worries will occur from the users. This can provide comfort for those who play in the casino; everything is interconnected between vulnerability, security, service, and the gambler's trust.
The positive feeback from gamblers will support the casino's reputation for leading the list of top trusted casinos, so every casino should improve security, service and more for the convenience of gamblers to focus on gambling without any technical issues related to gambling platforms. I think every top gambling site has mechanisms to deal with vulnerabilities from hackers, casinos have security teams to monitor servers from hacker threats and they work 24/7 to protect gamblers from bad vulnerabilities from outside attacks.


We can't guarantee that a casino won't face any type of hacking or attack throughout their service.
This is why the casino itself should invest on their security protocols as hacking softwares are getting sophisticated.
Hackers of course are always on the chase about the latest tools in the market, whether it comes from the dark web or not.
Because that's their job, looking for loopholes and weaknesses just to exhaust money from these sites.
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September 30, 2022, 07:41:42 PM
 #491

It is not as if those casinos have too much of an option, gamblers are becoming more sophisticated and now not only they want to have as many bonuses as it is possible for the casino to give them they also want to have the best security possible as we know that cryptocurrency transactions are irreversible, and casinos are answering to that demand since it is in their best interest to do so, because if they failed to do that and they were hacked then they will lose a great deal of their customers in a heartbeat.

That's why there is a marketing strategy for the gamblers to stay in their games so that they don't lose their money from the games they play on their goat platforms so that the gamblers like and stay more to play to gamble here.

That's why gambling platforms are also making ways to secure the personal information of their clients. As long as possible, they have an antidote to those who will try to hack their platform.



I think it is common in casinos, when a casino opens its doors, that these things are a mouth-opener, the bonuses and everything that they can offer as a benefit to the player but that also benefits the casino. In every casino when it opens, it does so with Welcome bonuses, and it's not bad, there are many things that are put into context to attract, each casino has its peculiar way of attracting attention, bonuses should be like exchanges, that when you enter only serve as leverage for them, but they cannot be withdrawn, and I thought that the bonuses were for withdrawal, that's when they make the wager requirement.
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September 30, 2022, 08:12:06 PM
 #492

It is not as if those casinos have too much of an option, gamblers are becoming more sophisticated and now not only they want to have as many bonuses as it is possible for the casino to give them they also want to have the best security possible as we know that cryptocurrency transactions are irreversible, and casinos are answering to that demand since it is in their best interest to do so, because if they failed to do that and they were hacked then they will lose a great deal of their customers in a heartbeat.

That's why there is a marketing strategy for the gamblers to stay in their games so that they don't lose their money from the games they play on their goat platforms so that the gamblers like and stay more to play to gamble here.

That's why gambling platforms are also making ways to secure the personal information of their clients. As long as possible, they have an antidote to those who will try to hack their platform.



I think it is common in casinos, when a casino opens its doors, that these things are a mouth-opener, the bonuses and everything that they can offer as a benefit to the player but that also benefits the casino. In every casino when it opens, it does so with Welcome bonuses, and it's not bad, there are many things that are put into context to attract, each casino has its peculiar way of attracting attention, bonuses should be like exchanges, that when you enter only serve as leverage for them, but they cannot be withdrawn, and I thought that the bonuses were for withdrawal, that's when they make the wager requirement.


That's why it's very important to read the T&C there's no free money that you can quickly suck away from the house, though there are some who can be lucky and wager it out and withdraw the bonuses but most of the time it's just a waste. Moving back to the topic, hackers are always trying to penetrate to each casinos they will try all the best that they can in order to exploit the system, but serious business owners will never allow this and even just a slight chance they will update right away to make sure that it will not shake the business and create fears with the gamblers.

They are spending money and they are willing to keep doing that just to make sure they are being well-supported by the system developers.

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September 30, 2022, 09:12:17 PM
 #493

Speaking of past weaknesses of casinos, we could go back statistically very, very far. And if we go back a while, card counting in Blackjack was a major weakness, and there was little they could do about it at the time. Until the card machines came into play, then it was solved immediately. Or better said, over for the card counters. Does anyone actually have any idea how much money a casino would have lost because of that in certain situations? And what are the options now if people are trying to get an advantage with blackjack?

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October 02, 2022, 09:11:30 PM
 #494

Well, it's the actual backup fund when your hot wallet becomes dry. We've seen this from almost every company that focuses on cryptocurrencies and has payouts in that form.
And the biggest funds are stored there so that when something wrong happens, they can easily have it backup with those funds just like what happened back then in some famous hacks through an exchange as I've said.
Whilst for some gambling casinos, I hope that it won't happen to any of those that are running currently because we don't want to see it happening that people losses their funds through hacks.
For exchange platforms then it would be totally on different set up which there would really be funds to be stored on cold storages or wallets unlike on gambling where payouts and withdrawals is really active

then it would be mainly placed into a hot wallet which means that higher chances for total drain up once an exploit or hacking incident would happen.Vulnerabilities
is always there since there no such thing about perfect security.
There are casinos that are having the same setup as the exchanges. I've seen them having a hot wallet and as well as a cold storage when I've read some of the concerns from their customers about not able to withdraw.
And the support's answer is that the hot wallet is empty and they have to refill it with their cold storage. The payouts in casinos could be replenished if it's about to get empty and they're just like estimating the visits of their players if it's not that much at all.

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October 02, 2022, 11:48:53 PM
 #495

Well, it's the actual backup fund when your hot wallet becomes dry. We've seen this from almost every company that focuses on cryptocurrencies and has payouts in that form.
And the biggest funds are stored there so that when something wrong happens, they can easily have it backup with those funds just like what happened back then in some famous hacks through an exchange as I've said.
Whilst for some gambling casinos, I hope that it won't happen to any of those that are running currently because we don't want to see it happening that people losses their funds through hacks.
For exchange platforms then it would be totally on different set up which there would really be funds to be stored on cold storages or wallets unlike on gambling where payouts and withdrawals is really active

then it would be mainly placed into a hot wallet which means that higher chances for total drain up once an exploit or hacking incident would happen.Vulnerabilities
is always there since there no such thing about perfect security.
There are casinos that are having the same setup as the exchanges. I've seen them having a hot wallet and as well as a cold storage when I've read some of the concerns from their customers about not able to withdraw.
And the support's answer is that the hot wallet is empty and they have to refill it with their cold storage. The payouts in casinos could be replenished if it's about to get empty and they're just like estimating the visits of their players if it's not that much at all.
Should be standard? Yes.

Casinos should have cold wallet too but its really hard on some aspect since there are players who do really win big which means that if your hot wallet depletes out then you would need to pull on to your cold which
is a basic concept or operation but its up to the management on how or whats the system they would really be making use considering about safety and security
then its up to owner on what he do prefer or on whats good for the business.

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October 03, 2022, 10:12:31 PM
 #496

There are casinos that are having the same setup as the exchanges. I've seen them having a hot wallet and as well as a cold storage when I've read some of the concerns from their customers about not able to withdraw.
And the support's answer is that the hot wallet is empty and they have to refill it with their cold storage. The payouts in casinos could be replenished if it's about to get empty and they're just like estimating the visits of their players if it's not that much at all.
Should be standard? Yes.

Casinos should have cold wallet too but its really hard on some aspect since there are players who do really win big which means that if your hot wallet depletes out then you would need to pull on to your cold which
is a basic concept or operation but its up to the management on how or whats the system they would really be making use considering about safety and security
then its up to owner on what he do prefer or on whats good for the business.
I guess it's easy for them to do that since they can monitor it and like I've said that I've seen them depletes the wallet that they have for their customers.
That's the typical thing that they do, they have that dedicated wallet or the hot wallet to fund for the winnings of their customers and probably that's where their customers deposit are also going so it's like a cash in and cash out scene for that wallet. And what you said is true about it when the cash out becomes higher and some players have to withdraw larger funds which could make the wallet empty.

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October 03, 2022, 10:45:46 PM
 #497

Well, it's the actual backup fund when your hot wallet becomes dry. We've seen this from almost every company that focuses on cryptocurrencies and has payouts in that form.
And the biggest funds are stored there so that when something wrong happens, they can easily have it backup with those funds just like what happened back then in some famous hacks through an exchange as I've said.
Whilst for some gambling casinos, I hope that it won't happen to any of those that are running currently because we don't want to see it happening that people losses their funds through hacks.
For exchange platforms then it would be totally on different set up which there would really be funds to be stored on cold storages or wallets unlike on gambling where payouts and withdrawals is really active

then it would be mainly placed into a hot wallet which means that higher chances for total drain up once an exploit or hacking incident would happen.Vulnerabilities
is always there since there no such thing about perfect security.
There are casinos that are having the same setup as the exchanges. I've seen them having a hot wallet and as well as a cold storage when I've read some of the concerns from their customers about not able to withdraw.
And the support's answer is that the hot wallet is empty and they have to refill it with their cold storage. The payouts in casinos could be replenished if it's about to get empty and they're just like estimating the visits of their players if it's not that much at all.
Should be standard? Yes.

Casinos should have cold wallet too but its really hard on some aspect since there are players who do really win big which means that if your hot wallet depletes out then you would need to pull on to your cold which
is a basic concept or operation but its up to the management on how or whats the system they would really be making use considering about safety and security
then its up to owner on what he do prefer or on whats good for the business.
Many of the reputable casinos that we have here have cold wallet and it is very rear for the team to go and take some funds from the cold wallet because they do make gains and many gamblers do make severe losses that make casinos to get earning with bigger profits from us. It is only new casinos I am aware of not having a cold wallet which is a poor act.
Having no cold wallet doesnt automatically means that it is an poor act, because there might be that too confident when it comes to security of their platforms which it doesnt really need for them to do so.

Just let them be since its their business and its their right to do on what are the things thats good for their platform but on general sense then it would be recommendable to have a cold wallet.

As i explained earlier that if there are some sudden exploit or loophole where these hackers do able to do so then you wouldnt really be able to make your business
bankrupt since you do have still funds into your cold storage.

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October 04, 2022, 02:50:30 AM
 #498

a single mistakes can cause a business to be ruined.
I think this is true most especially in an online business. I remember there are one crypto project who got hacked and lost millions of dollars. The reason is only because of a tiny mistake in the code. It sounds crazy but it happens. That's how good the hackers are. They inspect every element and if they have spotted something which aren't right, that's the time they will try to attack.
That is the advantage of great hackers because they can detect leaks from the system and even in the code. And this makes every developer have to stay alert, do frequent checks on their site, and ensure that everything is safe. I'm sure the team of every trusted casino always does this and there are even some casinos that do leak searches and offer big rewards to invite their people or members to help them find leaks on their site. So this is not an easy task for every casino as they have to compete with other casinos in maintaining security on their site.


Exactly, when we have a casino or a company that does not have enough security, a single mistake can cause total decapitalization, and I don't know, but there are many casinos that have been online and appear here in the forum, and I don't know. If in some play or something the casino has also had an error, it has to pay a lot of money to a user and that is why it has also been the cause of the crash.

On the other hand, we have also witnessed that some users have been beneficiaries of certain bonuses and free money that sites sometimes offer, and this becomes a vulnerability, this is usually quite common.

Well, it's the actual backup fund when your hot wallet becomes dry. We've seen this from almost every company that focuses on cryptocurrencies and has payouts in that form.
And the biggest funds are stored there so that when something wrong happens, they can easily have it backup with those funds just like what happened back then in some famous hacks through an exchange as I've said.
Whilst for some gambling casinos, I hope that it won't happen to any of those that are running currently because we don't want to see it happening that people losses their funds through hacks.
For exchange platforms then it would be totally on different set up which there would really be funds to be stored on cold storages or wallets unlike on gambling where payouts and withdrawals is really active

then it would be mainly placed into a hot wallet which means that higher chances for total drain up once an exploit or hacking incident would happen.Vulnerabilities
is always there since there no such thing about perfect security.
There are casinos that are having the same setup as the exchanges. I've seen them having a hot wallet and as well as a cold storage when I've read some of the concerns from their customers about not able to withdraw.
And the support's answer is that the hot wallet is empty and they have to refill it with their cold storage. The payouts in casinos could be replenished if it's about to get empty and they're just like estimating the visits of their players if it's not that much at all.
Should be standard? Yes.

Casinos should have cold wallet too but its really hard on some aspect since there are players who do really win big which means that if your hot wallet depletes out then you would need to pull on to your cold which
is a basic concept or operation but its up to the management on how or whats the system they would really be making use considering about safety and security
then its up to owner on what he do prefer or on whats good for the business.
Many of the reputable casinos that we have here have cold wallet and it is very rear for the team to go and take some funds from the cold wallet because they do make gains and many gamblers do make severe losses that make casinos to get earning with bigger profits from us. It is only new casinos I am aware of not having a cold wallet which is a poor act.

Well that is something that I also wonder, and there are many casinos that do not have a cold wallet, which is a big mistake on their part, for me the security of the clients is essential, but I think it is more essential than a The casino has its own security for its funds, because in the event that the funds of the players are stolen, the casino has a way to replace them, but in the event that they even steal the casino's funds, what would they do? how could they face This is something that seems very dangerous to me, in fact that action is carried out by crypto exchanges, some only have that security system that they should shield more and more every day.


Having no cold wallet doesnt automatically means that it is an poor act, because there might be that too confident when it comes to security of their platforms which it doesnt really need for them to do so.

Just let them be since its their business and its their right to do on what are the things thats good for their platform but on general sense then it would be recommendable to have a cold wallet.

As i explained earlier that if there are some sudden exploit or loophole where these hackers do able to do so then you wouldnt really be able to make your business
bankrupt since you do have still funds into your cold storage.

Yes of course, I know that each person or each owner of a casino is the one who decides how he wants to protect his casino and how he can make things go well in case of a hack, only when there are funds in a cold wallet by pure inspection it is known that security is extreme, and I consider that in a casino that is a place where security is unconditional, it must be at its maximum all the time, there may be other ways to protect money and make it safe, but I think things can be done to increase security, leaving money backups in various private keys and with different people, obviously who are responsible for the funds.

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October 04, 2022, 08:28:49 AM
 #499

a single mistakes can cause a business to be ruined.
I think this is true most especially in an online business. I remember there are one crypto project who got hacked and lost millions of dollars. The reason is only because of a tiny mistake in the code. It sounds crazy but it happens. That's how good the hackers are. They inspect every element and if they have spotted something which aren't right, that's the time they will try to attack.
That is the advantage of great hackers because they can detect leaks from the system and even in the code. And this makes every developer have to stay alert, do frequent checks on their site, and ensure that everything is safe. I'm sure the team of every trusted casino always does this and there are even some casinos that do leak searches and offer big rewards to invite their people or members to help them find leaks on their site. So this is not an easy task for every casino as they have to compete with other casinos in maintaining security on their site.


Exactly, when we have a casino or a company that does not have enough security, a single mistake can cause total decapitalization, and I don't know, but there are many casinos that have been online and appear here in the forum, and I don't know. If in some play or something the casino has also had an error, it has to pay a lot of money to a user and that is why it has also been the cause of the crash.

On the other hand, we have also witnessed that some users have been beneficiaries of certain bonuses and free money that sites sometimes offer, and this becomes a vulnerability, this is usually quite common.
On this forum, many new online casinos are constantly being released, which makes us always have to be careful because some of these new casinos are still under development, especially for security. So if you are interested in depositing your money because of the bonuses offered, you don't need to deposit too big money. Maybe after you deposit some money, you can see how it develops and if the casino can be better than before, you can deposit some more money but you still have to be able to control your spending on gambling.

Many people take advantage of bonuses from casinos to abuse so that people can get more bonuses than others. And yes, it is a common vulnerability in casinos.

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October 04, 2022, 09:06:43 AM
 #500

We can't really read what is inside their mind and we know that an inside job can be disastrous to the company as surely they will succeed knowing that they have full control of the system. Gamblers will certainly be looking for a trusted site and good reviews which help them to think that using their site is safe but the vulnerability of online sites to hacking is really high making impossible to think that we are 100% safe and much more if we talk about inside job and game manipulation. 
the team that manages the gambling platform is hired to be paid to secure the site from hacker attacks or malware and the like. so the team will continue to try to secure the platform at all costs to keep it safe and gamblers will feel confident that the security on the platform is very trustworthy. and the owner of the gambling platform or the CEO of the platform will also hire or pay someone who is tech savvy to strengthen the security of the gambling site from hacker attacks.
yes there may still be gaps to be hit by hacker attacks but at least the gambling platform owner has an effort to improve the security of his site from hacker attacks and make players or gamblers always comfortable safe when gambling on a platform that has a good reputation

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