I hope no other sites report having this vulnerability

It is struggling to hold on to the $4000 barrier at the moment. Hopefully things will continue to improve slowly but surely.

Yes that was a fun year for some ICOs and investments and coin holders 

Excellent question. It would open up various legal issue right?

And those that are already using the software via a licence fee, would you contact them explaining them how to apply the fix/patch?

The owner/operator of betking did not reply to you here. Did he reply in a PM?

I mentioned earlier in a post I have a degree of sympathy for him but it does not negate his incompetence as a business owner/operator while playing with millions of US$ of other people money. The sympathy is purely because he is (and always was) way out of his depth when trying to manage betking. In the chase for instant riches he let this project slide in to oblivion essentially because of his own greed.





I am looking forward to reading his next set of replies before deciding on what I do next. To give him some credit, he addressed some of the points raised by those asking questions and it was a step in the right direction but he skipped past several important points raised and questions asked. His version of events for example about how he did not try to dupe RHavar is frankly hard to accept and his continuous avoiding/addressing points raised just add more red flags to any potential game player or investor betking might have.

Him not addressing the fact that he gave his word he would cover all losses for token holders even if BTC dropped to $1.

It seems he has used every excuse in the book to protect himself while allowing token holders to get the worst possible deal.

MNX now $0.235782 on CMC

The investors have lost out, sadly.

Have to express the way you managed this situation is exemplary. You are going to cover the losses of 122.5686 BTC and dilution fee credits - excellent. That equates to around $475,000 in FIAT.

It is unfortunate this attack took place but it is commendable you managed to isolate the issue and fixed it so quickly and it cannot be exploited again.

Regarding the vulnerability, though you have run thorough checks it just might be possible that the attacker made test runs with tiny amounts in the recent past to check the vulnerability exists before going after the 122.5686 BTC. It seems highly unlikely the attacker stumbled across the vulnerability by chance, it seems more probable the attacker carried out the attack after devising a plan.

Still no news about burials and body repatriations?

Bitcoin won this battle without any real struggle.

BCH became BCHABC and BCHSV and became irrelevant

betking are announcing unconfirmed amount of 100 BTC being hacked at Bustabit

The dates speak volumes along with the comments. It shows a comment in 2016 saying the truth at the time. Then it shows a comment for 2019 saying the truth at the time. You might not be able to trust and distrust somebody at the same time but it might well be possible to trust someone in 2016 and not trust them at all in 2019. Why is that difficult to comprehend?

RHavar   2016-12-31
Ran betking.io that accepted bankroll investments, was trusted with thousands of bitcoin and has returned them (with considerable profit)

RHavar   2019-03-14 https://bitcointalk.org/index.php?topic=910134.msg48375092#msg48375092
Scammed investors, and prior to doing so tried to personally scam me for a very large sum (ref link). See also: https://bitcointalk.org/index.php?topic=2897545.msg47592095#msg47592095

Well ease of transfer and P2P payments is a plus point

You will receive nothing from these scammers. There is no bounty.

An excellent post which hits most of the key notes.

In most cases ICOs in general lead to dictatorships where site operators hold all the keys and all the information at the same time and they never allow any form of scrutiny. In most but not all cases it is because money, power and greed gets to their head. Had the owner/operator of betking been more transparent then maybe a lot of this could have been avoided because of the strength that scrutiny gives to investors and spectators alike.

What happened with the spectacular collapse in value of your BKB tokens is a stain on the lack of business acumen on part of the owner/operator of betking. That type of mismanagement in any walk of life would mean a resignation or a sacking with no chance of ever being allowed back in to the fold but here the opposite is happening.

Right now the biggest problem I see is what you highlighted earlier:


If $6.5 million was raised in the ICO and if 50% of all funds raised were to go to fund the bankroll and the owner/operator claims he used 600 BTC directly from the bankroll funds to buy up to 70% of tokens, then how much of the bankroll remains?

Where is the other 50% of the funds? It is hard to believe that $3.25 million has just been spent on what was stated earlier by the owner/operator:

This has been a disaster for MNX investors. They were supposed to be investing in a crypto card to challenge MCO and others but this was a very bad investment.

This project was not unfortunately mismanaged by Boris and Co - no, this project was a front to raise money in order to help Boris make his gaming dreams come true. Very bad indeed.

Sure it stands to reason if your policy is to not release that information to a non-token holder or somebody you cannot identify as a token holder then that is your decision regardless of what I or others think about it. The person I have in mind is a confirmed token holder.

One thing that certainly has happened in the recent past was that betking went from being a widely respected and widely used website to one that is a shadow of its former self and basically has no chance of attaining the heights of past glories.

After reading your posts I do have a degree of sympathy with you on certain issues and claims but right now they do not negate the problems with any general perception of betking. Some of your management/owner decisions have been disastrous and it seems by looking at how successful Primedice, Bustabit, Bustadice, Stake, Bitsler and several others are that betking will not make up lost ground.

Looking at the situation regarding LoyceV and his BKB holdings, it is a complete disaster that he was a token holder expecting to sell his tokens for around $700+ and was not aware of the situation regarding cancellation of the quarterly buy-back until after the event only to find his holdings worth just $8. I suggest that is at least one person that is not happy with their betking investment. You may cite it being business and business decisions have to be taken and that might well be true but the question has to come back full circle: why have the ICO tokens pegged to US$ instead of BTC?

In relation to the comments made by RHavar in this and the previous thread it seems several people came to side with him including owner/operators from other gaming sites. There have been several PR disasters for betking along the way:

* Trying to dupe RHavar in to private funding betking to the tune of $1 million
* Using the Crash software but not paying 2 BTC licence fee to devans - then blaming it on RHavar for the confusion
* The 20 BTC +EV Christmas 2018 Wager which was never paid out amid allegations of "mass cheating" but you never elaborated on what that means
* The betking 2017 ICO funds expenditure still shrouded in mystery

Personally I agree with RHavar that after you guaranteed the buy-back and your reputation at that time was solid, you should have bankrupted yourself if necessary in order to keep your word. I also agree with him when he says that betking has zero potential left. It will take a lot of money, effort and energy to try to lift betking but it is probably too late to save it - and if you really believed in it yourself you would not have tried to shut it down a few months ago in order to open your bitsafe crypto exchange.

It is when things like this happen (you not wanting to pay 2 BTC for licensed software) that questions arise about 1 BTC donation daily between 1st December 2017 to 25th December 2017. You had a golden opportunity to make phenomenal amounts of money and keep investors happy but the beginning of the end for betking started when you closed down in December 2016 with a view to having an ICO. That was designed primarily to bring you far more riches than you were making with other peoples bankroll.

What happens next? There is next to nothing in funding left and the website makes next to nothing in profit. One possibility would be to sell it and split the money between all investors that made less than 5% profit at the time they sold up. Other than that how can you turn it around make betking viable again?

On a personal level I find it hard to believe that 500 BTC, 2250 ETH & 425 were used for the bankroll and 500 BTC, 2250 ETH & 425 were used for marketing, promotions, SEO, design, development, server costs and legal. Keeping your own words in mind, with almost all of the bankroll gone on buy-backs there is NO way $3.25 million in 500 BTC, 2250 ETH & 425 were spent on marketing, promotions, SEO, design, development, server costs and legal because even the most incompetent business owner would not spend lavishly without care hence allegations of siphoning-off funds.

Have you made a distinction between BKB/BKT token holders and actual investors because I am aware of token holders from BKB who are not privy to the information that you say has been made available to them?

I asked several questions to a token holder about the state of affairs related to betking but he did not know the answers citing lack of information from you. Once token holders have that information you cannot censor them, it is their decision what they choose to do with it (ie share it or make it public or not).

Even Cloudbet (which has a disastrous reputation) gave their wallet details when they were facing (rightly so) claims of scamming their users. That alleviated fear of many of their customers when allegations of insolvency were raised. You might be correct from your perspective about not wanting to give information out to non-investors but even those holding tokens do not have information too.

I will ask the token holder to ask you for the answers to the most important questions. Regardless of whether that person is in your good books or not he is a token holder and has a right to know the answers to any and all questions related to betking. Those answers just might shed a little light on matters.

You made no reference to the allegation you tried to dupe RHavar out a $1 million. I remember reading the original post in the Bustabit thread where he cited you were trying to talk him in to investing claiming you had mechanisms in place to protect investors crypto and now the amount has been stated so things are looking quite dire. Again it seems the evidence suggests you knew things were not going and were not going to improve soon (or ever) yet you tried to sell him an unbelievable story just to get him in to investing. Can you elaborate on this?

You also tried to raise phenomenal amounts of funds in another ICO for your "bitsafe crypto exchange" project a few months ago and made it clear betking would be closed and all BKB tokens would become bitsafe tokens. This information was not made available widely yet you still kept yout BKB investment link on betking while you were trying to raise money for the bitsafe ICO. Why?

The answer to the above is: because that would be an out-and-out scam, a blatant open scam that would result in a criminal prosecution. Simple. The way this scam has played out has been much more subtle and it has been covered with some protection from accusations of fraud by running the business on the surface of it yet totally mismanaging everything related to it. Returning bankroll funds to investors does not warrant you deserving a medal nor does it give a seal for the rest of your life that you are a genuine and honest trader. You made plenty of money out of betking both pre-ICO and post-ICO.



So why not tell everybody? If you want to hide it from "everybody" at least tell investors and BKB token holders. We know of BKB tokens holders that did not get that information because if they did they would have elaborated and we would have known too.

I have no recollection of a figure of 600 BTC ever being mentioned before with regards to buy-backs. It was clearly stated in the past "I have bought back 70% of all tokens" and then on another occasion "I have bought back 90% of all BKB tokens" but it was never mentioned even once that 600 BTC of bankroll was used to do it. That figure I see has dropped back down from 90% to 70% again.

* Nobody knows exactly how much bankroll BTC remains
* No mention was made of the $1 million you tried to scam out of RHavar
* This is the first time a figure of 6 devs working for 12 months was given but no explanation why there was no physical noticeble changes on betking.io
* The white paper mentioned apps and new games and development but literally nothing happened apart from old games me re-added and later removed
* How much of the 600 BTC was used to buy up your own BKB holdings?
* Why use bankroll funds to buy BKB tokens when that is not what the bankroll funds were supposed to be used for?
* "Frugal" and "economical with information" are factual issues in this case because drips of selective information being released by a dictator as and when he pleases, is NOT the way forward. It never was.

Had there been more openness from the beginning then maybe much of the issues could have been addressed earlier.

Simple steps such as publishing post-ICO 2017 wallet addresses, monthly/quarterly bulletins stating number of buy-backs and at which cost as well as other information such as ALL expenses, ALL gross/net profits, traffic numbers and other info would have been a great start but all that was suppressed. The idea one can simply say that "businesses pivot all the time" therefore brush aside all concerns and not elaborate on issues of importance to investors or token holders - is unacceptable. Having the ICO did not allow a dictatorship to take place. Sure it put almost infinite control over the project but with that control comes responsibility. Throwing a tantrum and refusing to answer questions about the state of play is not the way any business owner should behave.

To say BKB tokens holders or ICO investors had that information but nobody else could or should have it is something that was a bad move on your part. Anyway not all token holders had ALL the information, they were searching for it themselves and had to wait until you gave it to them.

Had you at least answered some of the questions I asked at the time of the ICO and post-ICO then people would have been more informed. Even now the whole thing is close-guarded and clouded in secrecy.

Anyway, all the evidence suggests extremely weak business acumen at the very least and a much serious matter of a scam at the other end of the spectrum and the reason for those assumptions existing are because you yourself have created a toxic environment. You still have time to right some of the wrongs and gain some credibility before betking meets its eventual demise.




You honestly have literally next to nothing in social skills, you have no idea how to debate to engage with people/users/customers and you have written with that attitude to many users in the past.

Cannot be denied they have a great UI but their live customer services is attrociously bad.

They have automated replies and when you cannot find the answer they give an email address but a project the size of Coinbase really should have live chat operators.