Home : Poker News : CoinPoker Clears Potential Security Concerns Following Accusations

CoinPoker Clears Potential Security Concerns Following Accusations

Poker Community Was Worried About Issues In Open Source Code Following Software Upgrades


A picture of a lock and key on top of software

When it comes to online poker, site integrity and security are one of the most important issues. A single vulnerability could lead to a bad actor stealing millions of dollars from players on the site.

CoinPoker, one of the largest sites available to players in the current poker landscape, recently unveiled an upgraded client. Then, a few poker players looked at part of the open source code and raised concerns about security vulnerabilities.

After the company listened to the concerns, CoinPoker officials conducted an investigation with the concerned parties involved. At the completion of the investigation, CoinPoker smoothed over any concerns and restored confidence in the software’s security.

Cybersecurity Pro Signs Off On Software

A poker player on Twitter/X under the screen name @WolfSec0x0, who describes himself as “Cybersecurity professional, poker enthusiast,” was one of the loudest voices.

In response to the reports and concerns, officials looked back through the software, searching for problems with the system.

In a tweet released earlier today, the company confirmed there was no threat to “player data, funds, or backend infrastructure.” Additionally, they removed “frontend elements and legacy code that is no longer active.” Lastly, company officials said they would “continue to communicate directly and are open to further independent testing.”

In many of these cases, skepticism from this response is expected. After all, it is an internal investigation and the company found nothing wrong.

But WolfSec0x0 himself was pleased with the findings and praised the company’s communication and transparency.

High-Stakes Player Turned Crypto Expert Chimed In

Once the news spread, poker influencers and ambassadors for other sites began tweeting about the situation.

Caitlin Comeskey, a former PokerStars ambassador who produces poker-related comedy sketches and shorts, was among the loudest voices. As was ClubWPT Gold creative director Thomas Keeling.

Jason Mo, a former high-stakes poker pro and crypto expert, responded to these tweets well before CoinPoker’s audit. Mo didn’t appear to believe there was anything wrong with the code to begin with.

CoinPoker Addresses New Rake Structure

Along with the new software, CoinPoker also rolled out a new rake structure. The new structure showed rake increases across most of the site’s offerings.

Poker’s social media spheres also got wind of the new structure and began criticizing the company for the move.

Just a few hours after releasing the security audit findings, CoinPoker addressed the rake concerns. In another post on Twitter/X, the company apologized to the community for what they believed was poor communication.

Then, they outlined why they were increasing the rake, and reiterated they believe profitability must be possible for the health of its ecosystem.

“In the coming weeks, we will announce our new rewards model, designed to return a large amount of generated rake back to players while implementing a fair and competitive rake structure,” officials wrote.

“Our goal is to always aim to have the lowest effective rake in the market. We believe that the poker dream has to stay alive and games always need to be winnable long term.”

Related Articles