Zed Run Employee Fired After they Found a way to buy Winning Horses 

Zed Run has fired an employee after unfairly purchasing winning racehorses. The worker used data to attain the horses. Therefore, giving him an unfair advantage over competitors.

Zed Run’s Data Compromised

Chris Laurent, the founder and CEO of Zed Run, took to Zed Run’s community blog to share information about the incident. 

According to Laurent, on the 24th of November, the Zed Run community flagged suspicious activity regarding race outcomes. 

Zed Run launched an official investigation in response to the activity, quickly discovering a team member had compromised data.

The investigation found that the employee used internal data to purchase four racehorses. Therefore, allowing the employee to have an unfair advantage over other competitors. Consequently leading to a breach of company policy and code.

According to Laurent, the individual voluntarily admitted their actions with Zed Run sacking the employee. 

Laurent also outlined what Zed Run would do to stop further breaches of data in the future. He summarised that the company has increased internal security and improved ways to monitor access to sensitive content. Likewise, he announced that Zed Run would be compensating those impacted by the falsified races. He said:

We will be awarding more than 1,000 individual payouts to those affected stable owners who participated in the 534 races where the four (4) racehorses in question placed in a race. These payouts will be transferred to the racehorse owner at the time the race was ran and will be completed. The transfers will occur within 10 days.

The Platform has a Promising Future, but it Needs Better Security

As a result, Zed Run is actively addressing the damage that has been done to its community. Although it seems that the data breach hasn’t done significant damage to the platform, Zed Run is taking the necessary steps to stop future employee incidents. 

The platform is gearing up for a big year in 2022. Native token implementation and Zed Run’s new retirement feature will take the horse racing project to the next level. Therefore, security will need to be top-notch as more scammers try to take advantage of the platform.

Likewise, the project is approaching its one-millionth race with a prize pool of over 9 million. With this in mind, Zed Run needs to improve its security to stop money from getting in the wrong hands. 

In conclusion, the data breach by a Zed Run employee shows the vulnerability of NFT projects. Even for more established NFT platforms, security is an issue. Given these points, the Zed Run internal security breach should be a wake-up call for many.