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As many of you know there was an email sent out from stake earlier this week stating a major security breach of a third party stake uses and shares our personal information with.

What this told us is stake shares our information with third parties when it’s not needed to do so and that stake is heavily reliant on third party access to run its operation.  

 

I just received another email earlier today regarding stakes -  Drake promotion on kick. In order to qualify for this promotion you need to give access to yet another third party - gleam.io. You need to give this third party access to your twitter, instagram, email log in information. 
 

WHY? 

 

Also, just for discussion. 

 

1. Stake does not list a license # on the front of the app header page, only a registration #. As far as I am aware this is heavily frowned upon by any regulator

 

2. I have had several denied withdrawals over the past 6 months on stake and not one of these denied withdrawals are logged in the withdrawals transactions history. Not one. Stake allows unlimited deposits but limits withdrawals and more importantly does not keep a log of the denied withdrawals.  This could be a serious regulator non compliance as every single financial  user action should be logged and have a record kept of for financial audits.

 

One of my denied withdrawals happened on the 6th withdrawal attempt of the day as I withdrew $450 ish in a 24 hour period. During that same period 11 deposits were made for almost $1000 total. 

This surely cannot be regulatory compliant as the money was kept on stake exposing the user to loss and harm not allowing the cash out and forcing them to keep it on site while still allowing unlimited deposits after the intended withdrawal is gambled and lost  

 

This happen to anyone else?  

 

Have a nice day  

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