I just came across this thread...
Bitfinex Hacker of 120,000 Bitcoin Sentenced to 5 Years in PrisonThe hack happened back in 2016.. and even though the stolen Bitcoins have been recovered, they’re still in the government’s possession. Just recently, the hackers were sentenced, but there’s still no clear timetable for when the funds will be returned to the exchange.
If we relate this to the casino context, a similar process might apply. It could take 5 to 10 years before the funds are recovered if the hacker will be traced, so a casino must have a solid buffer in place. That way, in case a hack happens, they can continue operations with little to no disruption. So Metawin really have manage that risk effectively.
I rule out that the incident was an inside job or a fabricated story. This incident is an indication of the weakness of the security system, but they are lucky that the amount they lost is not large enough to affect the system or the reserve fund.
Metawin is now in their limelight, they can never fabricate such a story and I don't know what they stand to gain doing that. What baffled me is that you ruled out that it can be an insider job, lol, you shouldn't do that because you are actually assuming that. Anything can happen, that is the reason for the investigation, and with what I've read in some documentaries, you will be shocked at how some companies' employees and even the management at times attack their own company. No doubt, there was a security lapse but if Paul had not called Peter to come and see or exploit, some heist may not have happened.
More than once, we hear about successful hacking attempts. Sometimes these stories are exaggerated to the point of being unbelievable. The only logical explanation is that the story is fabricated to promote that the platform is able to cover compensation and deal professionally with crises. This is not the case with Metawin.
Metawin Casino manages assets worth millions of dollars, and we must admit that the task is never easy. No one can imagine what actually happens with employees and the effectiveness of management methods. Some incidents can certainly be shocking, especially those caused by mismanagement.