How Reward System Bug Incurred $140K Fraud on Gamdom

How Reward System Bug Incurred $140K Fraud on Gamdom

Are you searching for exciting CSGO gambling or Bitcoin Gambling website? You should be looking for the best website to help you gather best and suitable experience in the best manner possible.

What makes Gamdom the best gambling website?

The best in business has been The website has been known to offer a wide variety of games to assist you in multiplying your CSGO skins. The games would be including Classic Roulette, Progressive Crash Jackpot, Tradeup, chatbot (Rainbot) and a unique Hilo game. Gamdom has been offering daily rewards of $5000 to regular verified users. They have also been known to offer expensive skins to the user.

Gamdom accepts a wide variety of payment methods inclusive of VGO skins, Dota Skins, Bitcoin and H1Z1 skins.

In event of you searching for an exciting and entertainment experience, then Gamdom would be your best bet. They would cater you with the best gambling experience suitable to your specific needs. The gambling platform would cater you with great gambling games in a community atmosphere that would be the right place for you. The website would provide you with flawless CSGO betting experience.

Reward system fraud with Gamdom

Despite the number of rewards offered by the gambling platform, you would be surprised to know about the fraud played upon Gamdom by fraudulent websites. It all started with Gamdom allowing Dota2, a multiplayer battling game to verify new accounts. The fraud started with a wide number of accounts being created by new users with each passing day. Any other day, it would have been a blessing for any gambling website. However, that was not the case here, as these new users were increasing with each passing day. Most of the new users were from Russia and Ukraine.

The influx of new users started to drain the bonuses offered for new user by the website. As a result, Gamdom tried to rectify the issue by increasing the number of hour’s to be spent by the new user to become eligible for acquiring free coins. However, the reward system abusers found a way around it as well. They laid emphasis on increasing the number of accounts in order to gain more time for becoming eligible for free coins.

Rather than 1000-2000 accounts claiming free coins and bonuses every day, the website had to handle approximately 10000-15000 accounts claiming rewards and bonuses every day. The point to ponder upon was that along with the user bonuses, if even 10 percent of the total fraudulent accounts were to withdraw Bitcoin, it would force the website to payout around 15-20k dollars every day. It would be pertinent to mention here that Gamdom had to stop Dota2 related accounts due to increasing fraudulent users.

Gamdom closed the reward system, but the reward system fraud cost them approximately $140K. Gamdom closed the loophole, as it was violation of their Terms of Service. Despite that, Dota2 would still be accepted on Gamdom website. The website would not be closing their existing Dota2 deposit and withdrawal system.

Categories: Gambling

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