Primedice, an online gaming site, learned a hard lesson when it lost $1 million in bitcoin to a hacker that exploited its RNG (random number generation) system last year. The company recently shared its experience on Medium, a website where people share stories. Stunna, the author of the story said the company wanted to share its experience so that others can learn from it.
Primedice has also invited readers for help in recovering its losses and promises rewards for helpful leads.
Unusual Patterns Emerged
In August of 2014, Primedice released its third version after one week of closed beta testing. Shortly after launching, the team noticed unusual patterns from two players; one automatically cashed out while the other won bets. The team found the patterns unusual but could find no wrong doing.
A month later, after a delayed cashout, the winning player created a new account that placed the largest bets Primedice had ever seen. This bettor, “Hufflepuff,” was betting upwards of $8,000 in bitcoin every second