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Bitcoin Online Gambling Site Primedice Hacked for One Million Dollars

Written by:
Aaron Goldstein
Published on:
Jun/29/2015
Bitcoin Online Gambling Site Primedice Hacked for One Million Dollars

Bitcoin online gambling website Primedice.com claims it was hacked out of $1 million and has offered a reward to anyone who can locate the culprit and all stolen funds.  The player reportedly exploited its random number generator last year.  The site identified the alleged Bitcoin thief as one Hufflepuff.  This individual was said to be betting upwards of $8,000 in bitcoin every second for hours.

“Our entire team was shocked that Hufflepuff continued to beat the house edge (1%) and stack up more and more profit over time,” a Primedice.com spokesperson said.

By the time Primedice noticed the security breach, it had already paid out roughly $1 million to Hufflepuff.

“Given the nature of Bitcoin there wasn’t much we could do but take it on the chin.”

The amount of any reward given to an individual who happens to recover the stolen Bitcoin was not immediately known.

- Aaron Goldstein, Gambling911.com

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