Post
Topic
Board Gambling
Re: Stake.com - The Leading Crypto Casino - 🦉 Drake, UFC, Watford Main Partner ⚽ 🥊
by
Kakmakr
on 15/11/2022, 06:59:30 UTC
We’re in the gambling business, but we’d never gamble with our user’s funds.

Deposit, play and withdraw instantly. That’s what we stand for.

The events that have taken place the past week in the crypto space should serve as yet another reminder to take control of your crypto.

Are you referring to the email exploit at Stake.com or the bankrupt Exchange (FTX) ..#Stunna?

If I understand deposits at a casino correctly.... it goes into a casinos internal database and some of those funds goes into the casinos hot and cold wallets. (So users lose control over their coins/tokens... the moment when it is deposited into a casino or some other custodial service... right?)

I do not use centralized exchanges to store my coins, because I want to have sole access to my Private keys (giving me full control) ...but I relinquish that control, when I deposit it into a casino.

Even if you VAULT your coins/tokens... it can be accessed if you login details were phished. I would suggest that a second password be implemented for access to the VAULT ...so that you cannot lose all your coins ..in a single phishing attack.

I used 2FA to give me some protection .....but some skilled hacker, will soon combine these attacks ..with Sim swap techniques to bypass that too.  Huh