Bitcoin gambling site Primedice hacked for $1Mbr>
Primedice has suffered a loss of $1 million when one of its members figured out a way to game the system. The user went under the name “Hufflepuff” and was able to devise a method to hack the dice roll game that allows people to win bitcoin.
Primedice are offering rewards to anyone with information that can help them recover the lost money. The company had actually been able to figure out that “Hufflepuff” has been gaming the system but the user declined to return the funds.
Since bitcoin transactions are anonymous and irreversible, Primedice faces a tough challenge in tracking down “Hufflepuff” and forcing him or her to return the funds.