BetKing.io is a blatant scam operated by Dean Nolan

[JollyGood]

Keep lying buddy, I ignored him, and he knows why I ignored him, for he has no respect for privacy and not only leaked my information but then also leaked a private conversation, he is a garbage person that has respect from fools.

How much of your $30,000 did you get back?

50$

Now I am serious when I say that I really have no sympathy for you losing $30,000 in the betking ICO scam because of your conduct here but I am shocked all you got back $50 and you still find it hard to blame serial scammer Dean Nolan?

Please consider going to a doctor to checked for "Stockholm syndrome", you can search online for it. Maybe you suffer from it.

[BillyBurns]

Keep lying buddy, I ignored him, and he knows why I ignored him, for he has no respect for privacy and not only leaked my information but then also leaked a private conversation, he is a garbage person that has respect from fools.

How much of your $30,000 did you get back?

50$

Now I am serious when I say that I really have no sympathy for you losing $30,000 in the betking ICO scam because of your conduct here but I am shocked all you got back $50 and you still find it hard to blame serial scammer Dean Nolan?

Please consider going to a doctor to checked for "Stockholm syndrome", you can search online for it. Maybe you suffer from it.

If he pays back peoples on site funds, and leaves then I will have to blame you amigo, however if he runs off I got what I deserve I suppose.

[JollyGood]

If he pays back peoples on site funds, and leaves then I will have to blame you amigo, however if he runs off I got what I deserve I suppose.

Please elaborate.

Are you saying that if he pays back everybody the sums of their outstanding BKT value from the bankroll funds then it is not acceptable to you as an ICO investor?

[BillyBurns]

If he pays back peoples on site funds, and leaves then I will have to blame you amigo, however if he runs off I got what I deserve I suppose.

Please elaborate.

Are you saying that if he pays back everybody the sums of their outstanding BKT value from the bankroll funds then it is not acceptable to you as an ICO investor?

Nope, that's not what I'm saying, that is the train of thought you would like me to have. I don't feel the need to elaborate it was straight forward.

[JollyGood]

Nope, that's not what I'm saying, that is the train of thought you would like me to have. I don't feel the need to elaborate it was straight forward.

If anybody can read between the lines and understand exactly what billyburns is say with the following quote please post and let us know:

If he pays back peoples on site funds, and leaves then I will have to blame you amigo, however if he runs off I got what I deserve I suppose.

[actmyname]

If anybody can read between the lines and understand exactly what billyburns is say with the following quote please post and let us know:

If he pays back peoples on site funds, and leaves then I will have to blame you amigo, however if he runs off I got what I deserve I suppose.

D := Dean pays back people
J := JollyGood is blamed
∴ D ≡ J

Probably just a form of outward antagonistic conviction to soothe their victimization complex

[RHavar]

If anybody can read between the lines and understand exactly what billyburns is say with the following quote please post and let us know:

He is basically saying that if Dean exit-scams, then it's his own fault for having trusted Dean. But if Dean's business has just died  (and thus pays everyone back their balances at least) then he blames you for being the one who killed the business

[JollyGood]

Probably just a form of outward antagonistic conviction to soothe their victimization complex

It really does seem symptomatic of Stockholm syndrome. There is something not right with him, he is attached to the very person that scammed him. Highly strange he would do that.

If anybody can read between the lines and understand exactly what billyburns is say with the following quote please post and let us know:

He is basically saying that if Dean exit-scams, then it's his own fault for having trusted Dean. But if Dean's business has just died  (and thus pays everyone back their balances at least) then he blames you for being the one who killed the business

Thank you for the explanation.

Oh well, if SillyBilly is saying that I am to blame for serial scammer Dean Nolan scamming him out of his $30,000 investment then he is way out of his mind, literally.

Likewise, if SillyBilly says that I am to blame because serial scammer Dean Nolan scammed ICO investors out of a minimum of $2.74 million using the stolen 30 million BKB (out of the 100 million BKB tokens) then again he is deluded.



@ SillyBilly - do you know the exact amount of USD$ that serial scammer pathetic imbecile Dean Nolan stole from investors during and after the 2017 betking ICO?

[camtheman]

Here is what what Dean said:

As you will have likely seen BetKing has been offline for around a week.
BetKing will remain offline indefinitely with this being the last in a string of problems over the past year.

A serious issue was found last month after we launched a new dice site to test if a new brand would have more success than BetKing has had post ICO.

The new site was a clone of BetKing. We had been talking to investors about doing a series of sites like this with a shared bankroll and this one was released in time to try and capture traffic from yolodice.com who were closing their investment feature.

After a few days players had drained the bankroll and withdrew funds from the hot wallet.

After a review with the developers we found that there was an actual flaw in the code that allowed anyone to view their server seed and predict the result of their dice rolls, essentially being able to win every bet.
It turned out that this code had existed on BetKing also since January on both the dice and burst dice games and people had been using it to win bets undetected. It is not yet known if a developer added this code deliberately to cause abuse or if it was an honest mistake.
It wasn't until recently, after processing larger withdrawals and then finding the bug, that the discrepency in balances and funds available was noticed with now there being no funds left to process any remaining withdrawals.

At the time the site went offline there was a backup of all balances and pending withdrawal amounts captured.
There are around 20 bankroll investors who had more than $1000 on site, for a total of around $400,000.

[JollyGood]

Here is what what Dean said:

As you will have likely seen BetKing has been offline for around a week.
BetKing will remain offline indefinitely with this being the last in a string of problems over the past year.

A serious issue was found last month after we launched a new dice site to test if a new brand would have more success than BetKing has had post ICO.

The new site was a clone of BetKing. We had been talking to investors about doing a series of sites like this with a shared bankroll and this one was released in time to try and capture traffic from yolodice.com who were closing their investment feature.

After a few days players had drained the bankroll and withdrew funds from the hot wallet.

After a review with the developers we found that there was an actual flaw in the code that allowed anyone to view their server seed and predict the result of their dice rolls, essentially being able to win every bet.
It turned out that this code had existed on BetKing also since January on both the dice and burst dice games and people had been using it to win bets undetected. It is not yet known if a developer added this code deliberately to cause abuse or if it was an honest mistake.
It wasn't until recently, after processing larger withdrawals and then finding the bug, that the discrepency in balances and funds available was noticed with now there being no funds left to process any remaining withdrawals.

At the time the site went offline there was a backup of all balances and pending withdrawal amounts captured.
There are around 20 bankroll investors who had more than $1000 on site, for a total of around $400,000.

How did you come across this information from serial scammer Dean Nolan?

So, there is a chance serial scammer Dean Nolan is behind the alleged hack and is conveniently blaming a developer  

Maybe he will start promoting his "bitsafe" exchange scam conveniently in a few days with the aim of raising $10 million like he tried 12 months ago but failed.

So there are 20 investors who have $400,000 in the bankroll that have been told their money is stolen

How will serial scammer Dean Nolan pay them back? Will he use the $3+ million he stole from betking using the 30 million ICO BKB tokens he stole? Maybe he will use the rest of the ICO funds he siphoned-off. I hope a lawsuit is going to start against him because he will be in jail.

Ever since he decided to go down the EOS tokens route he stopped paying fees to the Costa Rica company registrar and was no longer registered. Therefore anybody suing betking is effectively suing serial scammer Dean Nolan as legally there is no distinction between betking and serial scammer Dean Nolan. He no longer has the protection of the off-shore Costa Rica Incorporation.

[RHavar]

Well, scammers are going to scam. The whole story makes so little sense, there's no point even trying to pick it apart. And even if it was true, Dean could easily personally cover it. He had a significant amount of bitcoin (to the point he felt comfortable "retiring") and then came back and made at least a few million from "investors". Last year (before he turned so overtly scammy), I was in talks with Dean to buy bustabit and iirc the number we were discussing was around 10M USD (iirc). Thank fuck that never happened, and I sold to Daniel instead.

And to players/bankrollers/investors: Sorry for your loss. I wouldn't get your hopes up about any promises. It's pretty much exit-scam 101, as a low effort way try taper people's anger .

[BayAreaCoins]

Here is what what Dean said:

As you will have likely seen BetKing has been offline for around a week.
BetKing will remain offline indefinitely with this being the last in a string of problems over the past year.

A serious issue was found last month after we launched a new dice site to test if a new brand would have more success than BetKing has had post ICO.

The new site was a clone of BetKing. We had been talking to investors about doing a series of sites like this with a shared bankroll and this one was released in time to try and capture traffic from yolodice.com who were closing their investment feature.

After a few days players had drained the bankroll and withdrew funds from the hot wallet.

After a review with the developers we found that there was an actual flaw in the code that allowed anyone to view their server seed and predict the result of their dice rolls, essentially being able to win every bet.
It turned out that this code had existed on BetKing also since January on both the dice and burst dice games and people had been using it to win bets undetected. It is not yet known if a developer added this code deliberately to cause abuse or if it was an honest mistake.
It wasn't until recently, after processing larger withdrawals and then finding the bug, that the discrepency in balances and funds available was noticed with now there being no funds left to process any remaining withdrawals.

At the time the site went offline there was a backup of all balances and pending withdrawal amounts captured.
There are around 20 bankroll investors who had more than $1000 on site, for a total of around $400,000.

This is a very new account for a very large claim.

I hope Dean is gone though.

[YIKES14]

Here is what what Dean said:

As you will have likely seen BetKing has been offline for around a week.
BetKing will remain offline indefinitely with this being the last in a string of problems over the past year.

A serious issue was found last month after we launched a new dice site to test if a new brand would have more success than BetKing has had post ICO.

The new site was a clone of BetKing. We had been talking to investors about doing a series of sites like this with a shared bankroll and this one was released in time to try and capture traffic from yolodice.com who were closing their investment feature.

After a few days players had drained the bankroll and withdrew funds from the hot wallet.

After a review with the developers we found that there was an actual flaw in the code that allowed anyone to view their server seed and predict the result of their dice rolls, essentially being able to win every bet.
It turned out that this code had existed on BetKing also since January on both the dice and burst dice games and people had been using it to win bets undetected. It is not yet known if a developer added this code deliberately to cause abuse or if it was an honest mistake.
It wasn't until recently, after processing larger withdrawals and then finding the bug, that the discrepency in balances and funds available was noticed with now there being no funds left to process any remaining withdrawals.

At the time the site went offline there was a backup of all balances and pending withdrawal amounts captured.
There are around 20 bankroll investors who had more than $1000 on site, for a total of around $400,000.

I will confirm that I received the same email from Dean.

I'm obviously super skeptical but you would think you could come up with a better lie.


Who are the players who drained the clone site and how did they know about it? I wasn't even aware of the clone site.

Were there never any audits done to check balances against reserves??

Larger withdrawals weren't automated and I believe that the hot wallet had to be topped up from cold storage...Was he not looking into these large wins/withdrawals. I don't believe I saw any big wins against my bankroll investment when checking...

No one is going to invest in any other project he's associated with, he's delusional to think he can reimburse everyone that way. He shouldn't be in charge of anything.

He closed down the telegram a few months ago... was it to make it harder for people to coordinate against this exit?

[RHavar]

If anyone's in the UK, it should be reasonably easy to get your money back. Just start a legal case against him, and I guarantee he'll just settle instead of trying to fight it (after all he has everyone's money, and he knows he's in the wrong). I think the only tricky thing would be to initially serve him, but the public company records should give a pretty good place to start from:

https://beta.companieshouse.gov.uk/officers/nK73h2CygjC43aISY_mEnOF0JaM/appointments

[JollyGood]

If anyone's in the UK, it should be reasonably easy to get your money back. Just start a legal case against him, and I guarantee he'll just settle instead of trying to fight it (after all he has everyone's money, and he knows he's in the wrong). I think the only tricky thing would be to initially serve him, but the public company records should give a pretty good place to start from:

https://beta.companieshouse.gov.uk/officers/nK73h2CygjC43aISY_mEnOF0JaM/appointments

RHavar you are a star  

Thank you for that link.

I am making a PROMISE to make a donation to any group wanting to start a lawsuit against him.

I will also help any investors seeking legal action by liaising with them, collating evidence and even finding a suitable Scotland based lawyer who can start the process. As soon as investors wake up to the fact they have been scammed by serial scammer imbecile Dean Nolan and want to start action - do it.

He deliberately shut down the betking Telegram because it would stifle debate amongst investors and stop them collaborating when discussing their legal options. I have no doubt serial scammer Dean Nolan had this planned from a long time ago but delayed it because he was hoping to get Yolodice investors to give their funds to him before exit-scamming. Those funds never arrived so serial scammer Dean Nolan decided to run off with what he had.

https://bitcointalk.org/index.php?topic=5047787.0

[BillyBurns]

Disgusted and Gutted, How can funds that not even invested in bankroll be lost, gamblers can't win more than investors have invested makes no sense to me how that can be possible

[JollyGood]

Disgusted and Gutted, How can funds that not even invested in bankroll be lost, gamblers can't win more than investors have invested makes no sense to me how that can be possible

I think he is definitely lying about a hack taking place. It is a convenient exit-scam just as many exchanges do BUT he slipped up and did not cover all his bases because do you not remember what he said on numerous occasions in the betking website chat as recent as days before he removed it citing people were not using it and he preferred Telegram instead?

If you try to think hard you will remember he apologised to winners on betking website chat numerous times for them not being able to withdraw wins because:

" I did not top up the hot wallet from the cold wallet as all funds are kept safe. I will top it up now "

He used to top up manually every 2-3 days to protect the cold wallet from a hack so why did he put all the crypto on the hot wallet just before an alleged hack took place? He made no noise about it by posting it here int he hope to keep it silent for as long as he could before users exposed him.

This pathetic imbecile serial scammer deserves jail time or the very least for Scotland Police (Sheriff) to investigate the scam and decide if can be prosecuted.

[lugrugzo]

I have always felt that he is kind of a scammer, yet it became the truth. I hope everyone can recover their losses but I'm not optimistic about it.

[camtheman]

Here is what what Dean said:

As you will have likely seen BetKing has been offline for around a week.
BetKing will remain offline indefinitely with this being the last in a string of problems over the past year.

A serious issue was found last month after we launched a new dice site to test if a new brand would have more success than BetKing has had post ICO.

The new site was a clone of BetKing. We had been talking to investors about doing a series of sites like this with a shared bankroll and this one was released in time to try and capture traffic from yolodice.com who were closing their investment feature.

After a few days players had drained the bankroll and withdrew funds from the hot wallet.

After a review with the developers we found that there was an actual flaw in the code that allowed anyone to view their server seed and predict the result of their dice rolls, essentially being able to win every bet.
It turned out that this code had existed on BetKing also since January on both the dice and burst dice games and people had been using it to win bets undetected. It is not yet known if a developer added this code deliberately to cause abuse or if it was an honest mistake.
It wasn't until recently, after processing larger withdrawals and then finding the bug, that the discrepency in balances and funds available was noticed with now there being no funds left to process any remaining withdrawals.

At the time the site went offline there was a backup of all balances and pending withdrawal amounts captured.
There are around 20 bankroll investors who had more than $1000 on site, for a total of around $400,000.

I will confirm that I received the same email from Dean.

I'm obviously super skeptical but you would think you could come up with a better lie.


Who are the players who drained the clone site and how did they know about it? I wasn't even aware of the clone site.

Were there never any audits done to check balances against reserves??

Larger withdrawals weren't automated and I believe that the hot wallet had to be topped up from cold storage...Was he not looking into these large wins/withdrawals. I don't believe I saw any big wins against my bankroll investment when checking...

No one is going to invest in any other project he's associated with, he's delusional to think he can reimburse everyone that way. He shouldn't be in charge of anything.

He closed down the telegram a few months ago... was it to make it harder for people to coordinate against this exit?

I also was not aware of a clone site, but who knows if it even existed? Could just be another confabulation. You bring up a great point on this... the hot wallet was constantly being refilled, how could he not notice these withdrawals. In addition, the bankrolls stated Betking was in the BLACK.

[RHavar]

I also was not aware of a clone site, but who knows if it even existed? Could just be another confabulation. You bring up a great point on this... the hot wallet was constantly being refilled, how could he not notice these withdrawals. In addition, the bankrolls stated Betking was in the BLACK.

Even if there was a secret "clone site", it shows how hilariously dishonest Dean is. He's basically saying he risked peoples money to run a secret site, that he didn't want to cut them in on.

This is no different than DMF of dice.ninja who used investor/players money to gamble on other casinos (until eventually he epically busted on PrimeDice and lost it all). Then just went totally dark. And offered a few signed messages promising people who was going to make repayments (which he never did, of course).

Amazingly even though his identity was known, because of lack of any prosecution he managed to get away with embezzling millions of dollars. I guess Dean is hoping he can get away with the same fate.