I have been disbursing more time on FortuneJack this days since it's been suggested to me on this forum but a question pop up in my head today and I think its better to ask, (1) Binance exchange has collateral fund in case any hack takes place or users lose funds, is there any gambling website that has the same just in case? (2) is there any gambling website that got hacked and reimbursed their users in the past and they still functioning till date?.
This will be a bit similar to the thread you first created about
Lack of bug bounties from gambling platforms you cannot compared casino to exchange, both have different ways in terms of finance which is always a target from hackers.
Exchanges put more assets in hot wallets for faster withdrawals their users and the number of coins that are in trade can be a hacking loopholes not on the exchange but the network on the coin that is on their exchange while the casino only provides a few coins and usually the choice of coins is only those that have been proven safe on the network.
That is why you will rarely find a casino that has been hacked, I've never even heard of a casino being hacked and user funds lost.
We can say that casinos does still need to have funds on their hot wallet considering on how many people would really be making withdrawals on said day.It is really just that they do really differ in terms of volume or the
money inside of their storages or wallets.Yes, its true that i havent seen any gambling website that had been hacked but there are some exploits which bonuses had been abused and able to withdraw some funds.
There's no such thing about perfect security and it would be always have the chance or odds of those hacking situation if both platforms are really that not putting focus
when it comes to security.
