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Author Topic: Betcoin.ag scams $10's of thousands in rakeback  (Read 543 times)
ungod
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August 24, 2017, 07:53:45 PM
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As some of you may be aware, a major affiliate (xiaoxiao) for this site was ousted due to a large, founded, scam accusation. The scam involved a rakeback service, and involved delaying payments with various fabricated excuses while xiaoxiao gambled away all his players funds.

There was a backlash and calls for answers directed at Betcoin. Betcoin then outlined a so-called solution to make affected players whole up until a certain point (5/7). The solution involved using players generated rake from 5/8 forward to pay for the owed moneys up until 5/7. Betcoin made a couple payments and then proceeded to ignore players requests for updates in the designated forum for several months, meanwhile affected players continued to re-rake the moneys owed to them without receiving payments. The forum can be found here https://www.betcoin.ag/xiao-rakeback-update-thread

After months of ignoring requests for answers on the thread, some time in the last 24 hours, affected player __ACTl0NNNN spoke out in the thread. __ACTl0NNNN has been around the bitcoin poker community for a very long time, and is widely known to be one of the, if not the, highest stakes and highest rake volume players there is. He claims to have not received a single payment, and to have been disregarded in support tickets.
https://i.gyazo.com/e84aff8d4a92f6c8c67544141c4c0743.png
Finally, Betcoin breaks it's silence, and made several deflective comments in the thread, all seemingly with the theme that this is not their problem any longer, and nothing more will be paid. Update: Betcoin now says definitively there will be no more money paid.https://i.gyazo.com/e1825cc729d14f5081caf829946cd157.png

Seems like a clearcut scam. Betcoin told their players they would be repaid money based on future rake. Betcoin then strung them along for a few months while they kept all the rake they were paying, not too dissimilar from the scam xiaoxiao pulled originally.


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Here4Trades
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August 24, 2017, 08:20:48 PM
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Amazing how naive looks like these who used their software and didn't notice any of the scam that site was running. Glad you post another scam accusation against them I mean, they profit a lot and still scam players ? Whats going on ? That's not how business are made.  I would like to recommen btckings (check below my avatar for the rakeback link) is a site growing who has a very good rakeback offer and process cashouts within 24hs. Sorry this happenin to the betcoin.ag communty but what were you guys expecting in LONG TERM ?
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August 25, 2017, 06:41:47 PM
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If someone plays at the publicly proven betcoin.ag scam, he gets what he deserves!

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August 25, 2017, 08:17:43 PM
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I agree with gameprotect betcoin has scam accusations opened against them from more than a yeat now and they haven't given any response to it. As far as I'm aware there are many other gambling sites out there with more reputation then why do you gamblers always gamble on a scam site and sometimes complain of getting scammed.
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August 26, 2017, 09:47:33 AM
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Betcoin.ag has had problems like this before. They paid a guy 50 BTC to silence him instead of paying what he should have been paid out, which was 1k+ bitcoins(the user was no doubt intimidated into accepting the deal imo).

Whenever there is ambiguity as to what should be done according to their rules, Betcoin.ag takes advantages of their users. This is filthy, scummy behaviour. I would argue even worse than xiaoxiao who ran this thing at first, as he probably lost the money on betcoin.ag, and betcoin.ag clearly had more than enough to pay everyone back without having a big dent in their pay.

Don't play there unless you are expecting to lose all your coins anyways.

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November 19, 2017, 09:03:51 PM
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It is being made right. Nobody is perfect, everybody makes mistakes.

Never had a problem cashing out, etc, anything here
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March 10, 2018, 06:19:02 PM
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wow this is bullshit. this guy scammed me out of hundreds or thousands of dollars, easy. especially because i was playing back when BTC was much, much cheaper and thus he kept a lot more chips.

This makes me sick. He kept giving me the runaround and I basically assumed this was going to happen but it's still bullshit.
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