Original archived Re: Double spending exploits in early cypto casinos <>
Scraped on 10/08/2025, 04:35:53 UTC
True, pretty much why I was surprised when I found a casino that accepted unconfirmed transactions in 2024. I mean, seriously? in 2024? bruh.
Given the setup, I think it's safe to assume folks have probably tried to take advantage of it—regardless of whether they succeeded or nah. But the platform was also shady as they had some ties with ltccasino. 🤔 I'd say, it's either they're dumb or this is part of a scheme.
This was them if anyone's curious:
We have 0-confirmation on deposits. Just transfer coins to that address and they will appear in your casino balance instantly!
There is almost no difference if the gambling site does not allow withdrawals before the confirmation. In this case if the user use double spending then there will will have no benefit of the user. But in this case there must have option not to allow any more deposit before confirming the first deposit.
There is a big difference because people can double spend if they lose the bet and let the transaction confirm if they win.
Imagina if I sent 1 BTC and lose my bet, I can just double spend and cancel the transaction so I don't lose anything, and it doesn't matter if I can or not withdraw because I lost the bet.