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[julibarbata]

did you just change the total supply of the Kong token from 100 million to  a billion ??

few months ago, it was 10m:
https://i.ibb.co/3kV9FbN/02-06-2023-04-26.png


this casino is a pure fraud sadly

luckily theres no investors, 99% of the staked kong is from fake staff accounts

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[Martingaleboy]

did you just change the total supply of the Kong token from 100 million to  a billion ??

few months ago, it was 10m:



this casino is a pure fraud sadly

luckily theres no investors, 99% of the staked kong is from fake staff accounts

maybe the next month it will be 10 billion

[Mahdirakib]

Ownership change of BitKong

BitKong has sent an email today by informing that they are going to transfer the ownership of the site. According to the email, they will keep the site on until the 1st of May, then the site will be in maintenance mode to transfer the ownership. The current owners will only process the withdrawals until the 1st May. BitKong isn't popular in crypto gambling industry despite being an old casino. I believe the forum member doesn't have any funds in this casino. Still, if anyone have any funds there then withdraw it as soon as possible. There are also issues with KONG token price and KONG token withdrawal now.

BitKong has two sister platform Simpledice and Luckydice. I'm not sure whether the ownership of those platforms will be changed or not. But I will remove these three casinos from my KYC information and casinos Bonus related thread.
@Pmalek, I'm mentioning you here so that you can stay updated about the situation to take steps accordingly for your Withdrawal information and Faucet list thread.

[hopenotlate]

Received that same email, not a regular player there infact I only  managed to earn something more that 200 kong tokens : if there is a way to make a player to player transfer on the site and someone is interested in them just let me know, otherwise i guess I will just bust them on some random game.

[Pmalek]

@Pmalek, I'm mentioning you here so that you can stay updated about the situation to take steps accordingly for your Withdrawal information and Faucet list thread.

Thanks for the mention. The positive thing is that the casino isn't closing down. If it's a simple change of owners, business might continue as usual as soon as the new project team is ready to resume everyday activities. Does the e-mail mention anything about how long they expect the site to be down? Are we just talking about 1-2 days or a much lengthier downtime? 

Perhaps, a simple notification that the casino is going into maintenance mode due to an ownership change is all that it's needed.

[efialtis]

All of it comes pretty surprising to me since I have known the owner for a long time now (we rarely spoke in recent times). I checked out the site in the morning and saw people complaining in the site`s chat room. When I went back just a minute ago, I realized that they got rid of the chat...

The email they sent was pretty vague, too vague IMO... Hoping for the best, we`ll see...

[Pmalek]

All of it comes pretty surprising to me since I have known the owner for a long time now (we rarely spoke in recent times).

Now might be a good opportunity to get in touch with him to see what is going on. I doubt it, but perhaps he tells you something that isn't meant for the public to know. I have no idea how close you guys were.

I checked out the site in the morning and saw people complaining in the site`s chat room. When I went back just a minute ago, I realized that they got rid of the chat...

That's a shitty way to keep people silent and prevent dissent or questions you don't want to or can't answer. I still don't believe their intentions are to run away with as much money as possible and exit scam. They wouldn't announce it if that is the idea.

[Mahdirakib]

The positive thing is that the casino isn't closing down. If it's a simple change of owners, business might continue as usual as soon as the new project team is ready to resume everyday activities. Does the e-mail mention anything about how long they expect the site to be down? Are we just talking about 1-2 days or a much lengthier downtime? 

In my opinion, the change of ownership isn’t a simple thing. BitKong will work like a new casino after the ownership change. We can't trust the new owner for the reputation of the platform with old owners. They haven't mentioned anything about the maintenance period.

The email they sent was pretty vague, too vague IMO... Hoping for the best, we`ll see...

Maybe the email message wasn't written by a professional person. BitKong has already disabled the deposits. These two clauses are strange:

- Account Access: Your account and funds remain accessible and secure until the deadline

- Responsibility for Funds: Current owners are responsible for the security of your funds until the deadline

Does it mean the current owner will forfeit the funds of those users who won't make the withdrawal within 1st May?

[Pmalek]

In my opinion, the change of ownership isn’t a simple thing. BitKong will work like a new casino after the ownership change. We can't trust the new owner for the reputation of the platform with old owners.

I agree but it's also important to check who the new owners are. Does the e-mail mention the name? If it's a company that successfully operates several other online casinos, the ownership change could even prove to be a positive thing, especially if they are planning to invest more money into the site to make it better. 

These two clauses are strange:

- Account Access: Your account and funds remain accessible and secure until the deadline

- Responsibility for Funds: Current owners are responsible for the security of your funds until the deadline

Does it mean the current owner will forfeit the funds of those users who won't make the withdrawal within 1st May?

It just means that the responsibility changes after the deadline. If you have questions or want to make withdrawals before 1 May, the old owners will be responsible to carry that out. Come 1 May, it's the new owners that will decide how the business will proceed, and the initial team is no longer responsible for anything. 

[Mahdirakib]

I agree but it's also important to check who the new owners are. Does the e-mail mention the name? If it's a company that successfully operates several other online casinos, the ownership change could even prove to be a positive thing, especially if they are planning to invest more money into the site to make it better.  

No, there is no information about the new owner. BitKong has been operating for almost 9 years. Does anyone know who are the owners of BitKong in real life? It is a trend of the crypto casino owners to stay anonymous. This is what they said about the new owners in the email:

We are writing to inform you that BitKong is transitioning its ownership. This decision has not been made lightly, and we assure you that the new owners share our vision of maintaining BitKong's legacy as one of the foremost Bitcoin casinos.

Come 1 May, it's the new owners that will decide how the business will proceed, and the initial team is no longer responsible for anything.  

That's right. But the new owner won't take the guarantee of the funds of those users who will miss to request a withdrawal before the deadline. Where the current owners will take the responsibility of the withdrawal until the deadline (according to the email). Because there will be change of ownership only, the old owners aren't going to transfer the funds to the new owners. The situation is a bit messy. The screenshot of the full email message: Ownership Transition and Maintenance at BitKong

[Pmalek]

Does anyone know who are the owners of BitKong in real life? It is a trend of the crypto casino owners to stay anonymous.

After a quick look at their website, I don't see any mentions of an owner company or the name of a person who owns the casino. Perhaps a detailed look in their documents, FAQ, or talking to the support might reveal something.

That's right. But the new owner won't take the guarantee of the funds of those users who will miss to request a withdrawal before the deadline. Where the current owners will take the responsibility of the withdrawal until the deadline (according to the email).

That's because the casino will go into maintenance mode, so players won't have access to their money until it goes live again and resumes normal operations. The current owners can't speak for those who will be stepping in after them. That's what all that talk about guarantees is about. 

[Martingaleboy]

did you just change the total supply of the Kong token from 100 million to  a billion ??

here a screenshot of total supply a week ago  showing 100 millons
https://imgbb.com/tPFWwQ7

and here a screenshot again it turned to a billion
https://ibb.co/Lzq7XrB


last week i already mentioned that they are doing something strange with the Kong token

Add to it they are doing something strange with the KONG token .  they sell it for 0.01USD in the website while its priced 0.004USD in pancakeswap or uniswap in both polygon or BSC   and not so much liquidity  . means if you will sell a large amount you will end up selling it for less than 0.001USD ;
Meanwhile i see in the leaderboard some users who wager like 100 million in a single day lets say around  top 5 they wager over 100 million in a single day for a token supposed the maximum supply is 100million and 87 million of it is staked  something is very strange here  Huh?

i remember a day i saw the total wager of Kong in the daily leaderboard  exeeded  a billion Kong and i wonder where all this KONG token wagered came from Huh  87 million i s staked  then 13 million left how is it possible to wager  a billion with that on games the house edge is from 5% to 8% Huh

here is the screenshot of one of the daily leaderboards  where i believe over a billion of Kong wagered

https://ibb.co/s3SVb0F  

here a screenshot it shows  total supply and total staked

https://ibb.co/tPFWwQ7

here is when you try to buy KONG from the bitkong site 1USD = 100kong

https://ibb.co/VqzP2L6

but here in DEX exchanges the price of KONG 1USDT = 156 KONG  but the worst is when you try to sell like 100000Kong it will be priced like  for 0.002USDT
https://ibb.co/FB2F3zK

Already warned against this casino a month ago.  You can see my warning. 
They dumped the token Kong and people who bought it lost a lot. .
They sold the token in the website for 1cent a token. Also there was major selling that drove the token from 0.0002cent .
But some of the usual signature spammers defending the casino.
Hard luck to the players who lost not in the games but by homding or buying that scam token.
Also it's odd the change of anonymous owners to another anonymous owner at the same time the token dumped to nothing.
Exit scam flag

[Hamphser]

Already warned against this casino a month ago.  You can see my warning. 
They dumped the token Kong and people who bought it lost a lot. .
They sold the token in the website for 1cent a token. Also there was major selling that drove the token from 0.0002cent .
But some of the usual signature spammers defending the casino.
Hard luck to the players who lost not in the games but by homding or buying that scam token.
Also it's odd the change of anonymous owners to another anonymous owner at the same time the token dumped to nothing.
Exit scam flag

Did Bitkong sold out the site into a new owner? I didnt notice it out which everytime this ANN thread gets bumped then it would really be that usually be showing those promotions and other
stuffs and not be able to read up recently about those issues been raised.

In regarding on what efialtis mentioned above about getting rid of the chat despite of tons of questions of people or complaints then thats a very red flag. As for token
that they had and made out such dump then thats an another solid red flag for this site. About those signature people then not all would really be
reading up on the latest update, they would really be defending it on which basing up on what they've seen in the past that this is once a good and legit site.

[Martingaleboy]

Already warned against this casino a month ago.  You can see my warning.  
They dumped the token Kong and people who bought it lost a lot. .
They sold the token in the website for 1cent a token. Also there was major selling that drove the token from 0.0002cent .
But some of the usual signature spammers defending the casino.
Hard luck to the players who lost not in the games but by homding or buying that scam token.
Also it's odd the change of anonymous owners to another anonymous owner at the same time the token dumped to nothing.
Exit scam flag

Did Bitkong sold out the site into a new owner? I didnt notice it out which everytime this ANN thread gets bumped then it would really be that usually be showing those promotions and other
stuffs and not be able to read up recently about those issues been raised.

In regarding on what efialtis mentioned above about getting rid of the chat despite of tons of questions of people or complaints then thats a very red flag. As for token
that they had and made out such dump then thats an another solid red flag for this site. About those signature people then not all would really be
reading up on the latest update, they would really be defending it on which basing up on what they've seen in the past that this is once a good and legit site.

sorry for my typo mistakes in my previous message .
around a year ago Bitkong issued a token called Kong at first they said the total supply is 100m token and for people who staked the Token they will get monthly deviden from the casino this drove many players and investors and whales to Bitkong to Buy Kong Token and stake it  
the website didnt mention any Tokenomics like the distribution of the Token for example how much the team held how much for other use
they started selling the token for 1cent per token in the website while it trades in uniswap and dexs for sometimes less than that
they said total supply is 100m then in daily wager contest i saw  people wager like 200million 300million in a single day and total wager in a single day exeeds billions for a token supposed to have 100m total supply and less circulating

then in the staking page without any info they changed the total supply from 100m to 1billion as they pleased and they continued selling the token in the website also the daily wager exeeds billions wich indicate there was unlimited supply for the token and it was an obvious scam
i raised the red flags here a month ago and asked a few questions about the behaviour but never got answer from the casino representative

 here a screenshot of the daily leaderboard  where it shows in a single day total wager is over 2billion (for a token supposed to be 100m total supply btw the rtp is around 95%-90% while playing in Kong)
https://imgbb.com/s3SVb0F

here a screenshot it shows the total supply and total staked (100m)
https://imgbb.com/tPFWwQ7

after i raised the issue and asked answers about the token they never answered me but instead they changed the total supply to billion
https://imgbb.com/Lzq7XrB

here where they keep selling kong for 100kong per 1usd (unlimited supply)
https://imgbb.com/VqzP2L6

here the avergae price in dex during the same time (somebody kept dumping huge amounts)
https://imgbb.com/FB2F3zK

In short they made a unlimited supply token and kept selling in the website unlimited amounts
and suddenly the token became priceless 0.0001
i will be surprised if someone still think this is not a scam

and to answer your question i doubt they sold the website i think its exit scam after they made millions from the scam token
also again they will never answer this



and here the funny thing if ever a Casino came to this Forum and run a Signature compaign and paid some few hundred dollars to some users
here . this Casino can go and have all the red flags and scam and do whatever without ever worrying as the guys who got paid for wearing its signature will do the job and defend it with excuses  .
if you see every person who had a problem with a casino and post about it here the signature guys will jump in and defend the casino (they just care about the casino pays them so whatever) for that few pennies they got paid .  this Casino Bitkong had all the red flags and for a month i posted about those red flags and questioning the casino and obviously the casino ingored me and the funny thing is the signature guys no single one of them came in and also ask about whats going on .
make me think of those signature guys like dogs throw them once a bone then you own them .

the casino was selling air (token ) with unlimited supply  for ayear and nobody questioned.