Crypto casino gets hacked - are you still expecting a refund?

[YOSHIE]

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

In some cases, if the casino is returned for refund to thin users of hope, but for me it will certainly try first steps The lawsuit against the casino, but I could not expect a lot of opportunities to be returned by money.

But if the casino is responsible for the user, maybe they will pay for the user caused hacking, Even though it exists, there are rare cases like that, even though the casino has a license and so on.

Actually the hacking case is not a user fault, of course the casino mistakes, because they are not alert in responding to the security of their site, for me the use of user funds is compulsory, but as I said above.

[AVE5]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

That's part of an organizer platform being reputable.
If a successful hacking attacks happens in a reputable platform like that and users looses their funds at that course, after technical reviews and finds out the lost of users funds was as a result of the platforms security system being vulnerable and tempered, of course for a clarity and to keep the customers or players to still stay playing, you'd have to take the blames and admit the lost came from your end and have them refund afterall, you make them believe your platform is secured while risk to the lost of funds at their own detriments will be limited to only when the attack was target at their own end as a course of not maintaining security Privacies.
Ones like Stake and the rest of it that tend to be fair after related incidents occurs in their sites is part of what has promoted them this far. Just that show or honesty is okay to keep the name booming

[AbuBhakar]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

And waiting for a third party to help? Yeah, sure. I’ve seen that with exchanges, but with gamblers? Nope. Not once.

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

This is always a common scenario in the past that they do use the “hacked” reason to exit scam quietly then restart again new casino operations with new brand.

We are lucky on today generation of crypto casino that value already their brand reputation because they frequently refund losses to make the operations uninterrupted.

Choosing a trusted brand is always a must if you want a hassle free experience and no worries for the casino hack because they always refund due to their deep pocket bankroll.

[boltz]

As long as you don't keep your funds into a Casino , why would you care if it gets hacked ? It's not an exchange or a bank to have funds on it daily so that's why you always deposit , play , withdraw and repeat.

However , if you trust so much a crypto casino to keep your funds there , then you should be surprised if it gets hacked and you get nothing right ? Also , some casinos offer Vault System which is 100% safe and has nothing to do with the casino itself.

[Dr.Bitcoin_Strange]

It's not every casino that can survive a hack although it depends on how much was stollen, if a casino lose too much to continue running their business, they might not be able to even cover the losses of customers since they won't be able to kick start business immediately. They will could promise refund to customers but it  won't be as soon as expected because they will also need to raise funds to start their business again. It's better to use the big popular casinos because of this risk.

[Ziskinberg]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

And waiting for a third party to help? Yeah, sure. I’ve seen that with exchanges, but with gamblers? Nope. Not once.

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

I think the odds are different for a refund or winning a jackpot. I mean there could still be chances that you will be refunded in case a certain casino gets hacked. There are casinos that have reputation and so if something happened for the worst then they will have to cover it.  The thing is that there are no clear cut regulations in hack casinos. It's in the gray area whether they are liable for losses. And in severe cases, casinos that might have been hack can lose their license. And as a business entity you don't want that to happen to you because you can recover. And it could be a life long lessons for casinos that have been hack as they will have to invest heavily on security measure so that it won't happen again.

When I say a third party can take over, I’m talking about cases like Bitfinex, they got hacked, but luckily had enough assets to liquidate and pay back users who lost their balances.

Now compare that to casinos. If they had the same kind of reserves and assets, sure, maybe they could refund gamblers. But that’s a big “if.” I only mentioned Metawin and Stake because they recovered from hacks quickly, but that’s not the real point here. The focus should be on casinos that can’t recover, yet somehow a third party steps in to handle refunds.

And if that actually happens… how long do we wait? Weeks? Months?
Or do we just write it off and hope we don’t get a we’re still working on it email for the next five years?

[traderethereum]

Yes, I expect to have a refund if something bad happens to the casino. But I can not do anything if they refuse that and pretend nothing happened. I will just leave them and not think about returning in the future unless they can fix all of the problems.

It is why you don't have to play gambling in unknown casinos to prevent the bad thing although that can also happen to a big casino's name. But we can expect to have a refund from them so we don't have to worry too much.

But I am sure casinos will have their reserve just in case something bad happens. They can refund their member's money without taking too long.

[Strongkored]

When they are hacked, I might not incur any losses because I rarely leave funds in the casino, I mostly withdraw if I want to stop or stop because I run out of money. However, if I do experience losses due to the casino being hacked, then I shouldn't expect to get a refund, just consider it like losing in the game.
Cases like Metawin and Stake are rare cases that will occur where casinos are responsible for players' money, I think there will actually be more casinos that will choose to disappear when their casino is hacked.

[cabron]

You wouldn't be desperate to ask for the refund if you just don't deposit huge amount in the casino. One sure way to  avoid such situation is to just not play on casinos that are not known to crypto gamblers.

There are only few of these casinos in here. The ones that you might wanna test could be good but don't deposit large amount after all you are not sure yet if they stay for good.

[purple_sparkles]

You wouldn't be desperate to ask for the refund if you just don't deposit huge amount in the casino. One sure way to  avoid such situation is to just not play on casinos that are not known to crypto gamblers.

There are only few of these casinos in here. The ones that you might wanna test could be good but don't deposit large amount after all you are not sure yet if they stay for good.

You should only leave in your casino account the amount that you can afford to lose, and even if something goes wrong and the casino stops working for some reason, for example, if it is hacked, then the loss of the amount that was in your account will not be considered as if it were a big tragedy,of course it’s more convenient, you don’t have to make unnecessary moves, deposit or withdraw money. But this is simply one of the safety rules, being cautious is not the easiest path.

[mcdouglasx]

I suppose that if it is a reputable casino, it will end up recovering or refunding the money to its players. In addition, hacks have been seen so many times before, that I think that casinos and exchange houses already have alternative backup methods that prevent them from losing all their capital in the event of a hack.

[Samlucky O]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

I think every casino should have a funds backed in case they experience some sort of hack or got compromised. Its not good to see a gambling casino platform to be breach like that. The company should focus on security too and not just for profit. Its important to see the all those flaws even before they open it up to avoid users getting hampered or affected with it.

It’s nice if a casino has backup funds… but what if they don’t, and they just vanish into thin air?

well if they vanish into the air because of the hack they face from scammers, then there is nothing anybody can do about it. people will accept their faith that way as that is the risk in gambling. it is positive and negative.

I stick to licensed casinos, but realistically, if a hack happens and it’s proven legit, I’m not holding my breath for a payout. Unless there’s such a thing as “casino insurance” (which I highly doubt), you’re out of luck. Banks have that, but casinos? they don't...

i dont know if there is anything like "casino insurance" but if there is any, then it will surely be good for the casino to register under them as to reduce the rate of high loses when hack happens. and if may ask, how will you know is a casino is registered under insurance before betting? well it all boils down to not being possible.

[libert19]

In matters pertaining to crypto, I don't expect anything if unfortunate incident happens, and call my funds dusted. Though, it's casino's responsibility to keep funds in hot wallet and cold wallet separately at least, so things don't get as dire in case of a hack.

[Cointxz]

And waiting for a third party to help? Yeah, sure. I’ve seen that with exchanges, but with gamblers? Nope. Not once.

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

I always withdraw my funds whenever I’m finish to gamble since I’m not comfortable on my balance that sitting on storage that has possibility to hack.

I have low chance that will experience this since I rarely gamble on new casino and I always play safe with my funds.

But in case I experience this, I don’t expect for refund since casino can file bankruptcy if they truly lost all their bankroll due to hack.

[Proty]

Well you are not wrong at all majority of these casino there platform aren't that secured, the vulnerability is really high, so they can easily be hacked completely. So even if those casinos feeling like refunding the money may not be there for them to be able to payback all there customers that may be affected. That is why it is good to go with casino that has proven that they can withstand any form of threat, reason being that once our funds is lost from all these untrusted casino. It will look like gambling again in other to recover our lost funds. So stick with casino that has what it takes to withstand any form of cyber threats

[Wiwo]

Metawin  and stake own hack was on the hot wallets and not users balance and their also mentioned that the players funds were secure and untouched by the hacker's.

When both the hot wallet and users accounts get hacked onna casino, you should know that there is an insiders job going on in the hacking and most times only scammers run such gambling sites and your monewas never safe with them.

[Mrbluntzy]

If a crypto casino gets hacked of course I will still expect a refund, such laws should be there in a casino's terms and policies that if they face any financial issues, they will bear the lose of customer. If a crypto casino is hacked, it's not my fault therefore I should expect a refund from them, there should be customer's protection policy.

[m2017]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

"Random casino" can simply steal your money under the pretext of hacking.

Be that as it may, whether the hacking was real or not, you will not get your money back. That's true.

And waiting for a third party to help? Yeah, sure. I’ve seen that with exchanges, but with gamblers? Nope. Not once.

In the case of exchangers, this (refunds) is also not often seen, and in the case of a casino, even more so. And here you can notice the most interesting thing: after all the regulator's requirements in relation to casinos and KYC, the gambler still ends up "unprotected" and there are no laws regulating the rights of the gambler. Any losses of the gambler, even caused by hacking the casino, are only his problems.

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

The stupidest bet, in my opinion. It's easier to win the jackpot, I think. At least there's a little chance of winning.

[Aanuoluwatofunmi]

I wont be in that situation because once I am done gambling for the day, I quickly withraw my money back to my bank account. I think times without numbers it has been discussed that it is wrong to keep our funds in the casino when we are not gambling.

For how long are we then going to be on this, we cant afford to be making withdrawal and deposits each day, except if these actions are done with zero fees, especially the withdrawal, because we still have the next day to gamble and continue like that, some one like me often leave my balance there for some time till i want to gamble again or it got exhausted on bets.

Keeping your money in the casino will propel you to gamble again, even when you did not plan to. And again, it can expose you to hack and theft. So whatever happens, the casino is not to be blamed but you are.

This shouldn't be a serious issue for us, as for someone like me, i don't think i can afford a week going like that without gambling, so having money there on my casino account does not add to trigger me into gambling and not having does not reduce anything from me either.

[swogerino]

Big names like Metawin and Stake survived hacks before, and players got lucky their funds were safe. But if it’s some random casino with no deep pockets? Good luck. Inside job, outside job… either way, don’t expect them to hand your money back out of kindness.

And waiting for a third party to help? Yeah, sure. I’ve seen that with exchanges, but with gamblers? Nope. Not once.

So if you’re betting on a refund, you might as well bet on winning the jackpot too -- same odds ^{(correct me if im wrong)}, I guess..

When I play in big names casinos I expect them to have the best cybersecurity team in the world as a bare minimum. In a world where hacking happens everyday I am pretty confident that casinos with a huge user base like the one in my signature have taken adequate measures to stop hacking from the outside. I am not suppose to say this because of my NDA to my job but they don't know who I am here  so I know from my work place that a simple perimeter firewall, micro-segmentation together with few other measures are good enough to stop hacking from outside as I know this from experience, I work in a bank/fintech institute. As for inside job there are logging systems in place, role based access and many other mechanisms to stop somewhat the insider but any insider with the right access and wrong mindset is a huge threat for any company.