iGaming Industry
Hackers Exploit Reddit’s Email Vulnerability To Steal Bitcoin Cash
Three weeks before, as many as 20 Reddit users, who were part of the r/btc group supporting Bitcoin Cash (BCH), lost their holdings in their hot wallet. The total amount lost was estimated to be between $2,000 and $4,000. An investigation into the theft revealed the novel tactics employed by hackers to steal Bitcoin Cash.
The hacking of BCH hot wallets was accomplished by misusing the tipping facility provided in the social news aggregation site. The tipping process is handled by a bot named Tippr. Once a Reddit member sets the desired amount for donation and activates the facility, Tippr will withdraw from the hot wallet of the donor and send it to the recipient.
The hacker took advantage of vulnerability in the third-party email functionality, provided by Mailgun, to initiate a password reset of the Reddit account. Even users with two-factor authentication were unable to escape from the attack. More importantly, users did not receive any kind of alert about suspicious activity in their emails.
Reddit blamed Mailgun for the incident, resulting in the loss of Bitcoin Cash from the hot wallet. Mailgun accepted their fault, but said the customer payment information was not compromised in any way. Reddit engineer gooeyblob said
“A malicious actor targeted Mailgun and gained access to Reddit’s password reset emails. The nature of the exploit meant that an unauthorized person was able to access the contents of the reset email. This individual did not have access to either Reddit’s system or to a Redditor’s email account. As an immediate precautionary measure, we moved reset emails to an in-house mail server.”
Josh Odom, Mailgun CTO guaranteed that the point of access exploited by the hackers has been closed. Odom also informed that additional security measures have been employed to safeguard users’ data.
Odom said
“Mailgun has now completed its diagnostic of accounts that were affected and has notified each of the affected users. At this time, we believe less than one percent of our customer base was potentially affected.”
Reddit has also disabled the Tippr bot temporarily. Ironically, Bitcoin supporters and even the administrator of Reddit was blamed for the incident before software engineers identified the manner in which the hacker gained access to the hot wallet.
It is not the first time such an incident is happening. A few years back, Dogecoin wallets were hacked, leading to a loss of about 21 million coins. However, the Doge community joined hands to raise money for victims.
Source: European Gaming News…
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Source: EEGaming.
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
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