CloudBet allegedly defrauding customer for 330.58 Bitcoins?

[DeathAngel]

So the guy made a 150 BTC deposit?  That should be alarming for Cloudbet if they couldn't handle the action imo.  They should at least limit how much that guy could bet or they'll probably take a huge hit.

If they couldn’t pay out the win then they shouldn’t have accepted the bet, if they don’t pay out it’s disgraceful.

[tokeweed]

^  And they're in a bad spot.  If they pay the guy, they take a big hit and it could take a while to get all of it back.  I don't know how big their bankroll is, but I think smaller sites could be forced to close.  And if they decide not to pay the guy, their reputation takes a big hit. 

...  Either way their f*cked.  Just assuming the accusation is true of course.

[Indamuck]

Doesn't matter how long a casino has been around, all it takes is a few balances like this and they will question if they should keep the bitcoin.  They will try to silence the player and continue on with business as usual.  This is really sad to see and I hope this people get what they deserve.

[squatz1]

Doesn't matter how long a casino has been around, all it takes is a few balances like this and they will question if they should keep the bitcoin.  They will try to silence the player and continue on with business as usual.  This is really sad to see and I hope this people get what they deserve.

It's true, and the sad fact is that they're most likely going to get away with it because Cuarco (or wherever they're incorporated) isn't going to stop them, as their casino friendly environment is built to benefit the casinos.

^  And they're in a bad spot.  If they pay the guy, they take a big hit and it could take a while to get all of it back.  I don't know how big their bankroll is, but I think smaller sites could be forced to close.  And if they decide not to pay the guy, their reputation takes a big hit. 

...  Either way their f*cked.  Just assuming the accusation is true of course.

Well, that's the risk with setting up a Casino and they should have thought of that when they accepted the deposit. Their investors should eat the loss and continue. --> Unless they don't care about their image.

[LFC_Bitcoin]

They really need to give him the original stake back ASAP.

They can work on paying the winnings if they need a bit of time but give the man his fucking stake back ASAP.

[shoreno]

So the guy made a 150 BTC deposit?  That should be alarming for Cloudbet if they couldn't handle the action imo.  They should at least limit how much that guy could bet or they'll probably take a huge hit.

If they couldn’t pay out the win then they shouldn’t have accepted the bet, if they don’t pay out it’s disgraceful.

correct . gambling operators should know that gamblers do also bet higher amounts  and 150 btc is only small compare to other big time players . cloudbet   must not start a gambling business if they only have a small amount of capital  .

i thought Cloudbet is really legit knowing it existed for a long time

same here . i knew cloudbet long time ago .

Being around doesn't make you legitimate

of course it does . people can easily get attracted if a site is running for a long time but yeah we will never know in the future if they will colapse

[Sanitough]

Is this the biggest scam accusation for cloudbet so far?
Looks like DT members are united in putting their red paint to their BTT account of cloudbet and I say it's just right.

If they won't respond to this, we can expect that they'll go down this year because eventually people will be aware on their reputation. 

[davis196]

It's always a bad idea to deposit big amounts of btc into any crypto trading platform or crypto casino.
It doesn't matter if the platform/casino are trusted and big.Just play with small deposits and small bets and have fun.The guy who deposits 150 bitcoin(WTF!?!) obviously wants to make profit(maybe he knows a hidden way to make that ptofit,idk).

[Dreamchaser21]

So the guy made a 150 BTC deposit?  That should be alarming for Cloudbet if they couldn't handle the action imo.  They should at least limit how much that guy could bet or they'll probably take a huge hit.

If they couldn’t pay out the win then they shouldn’t have accepted the bet, if they don’t pay out it’s disgraceful.

There’s should be a limitation but since cloudbet allow that, so i think there is no easy about the payment it just happen that they lose this time and trying to delay the payout. I’m sure they will settle it as soon as possible so they can still hold the trust from the gambler, they should right now.

[jrrsparkles]

It's always a bad idea to deposit big amounts of btc into any crypto trading platform or crypto casino.
It doesn't matter if the platform/casino are trusted and big.Just play with small deposits and small bets and have fun.The guy who deposits 150 bitcoin(WTF!?!) obviously wants to make profit(maybe he knows a hidden way to make that ptofit,idk).

Maybe for him 150BTC can be a small amount.

We don't have to trust anyone,so we are not going to use crypto everywhere? I f we don't have to trust the reputed sites even then how can cryptos well spend.

[DeathAngel]

Still no positive update from Cloudbet, this is not looking good. My geography is very poor, I googled Curasco & notice it is in Peru. I’m not sure they’ll be trackable, I doubt the feds there are going to be much good.

[justdimin]

This looks so horrible for cloudbet, 330 bitcoins! It is not even a small amount that could be not cared (which should be cared even if it was small amount) but its a staggering 330 bitcoins. There is really no returning point for them after this. Either they fix this issue right now properly and give a good reason for the hold up or they are gone, I do not think anyone will continue to play there if they do not resolve this.

On the long term, it is worse for cloudbet to not pay him if you ask me. If they pay him they will lose 180 bitcoins and that's it, end of the story however if they do not pay him then there will be a lot of gamblers who will stop playing on their website which would mean a lot of money lost for them and that will be more than 180 bitcoins on the long term.

[rdbase]

Even the most reputed sites getting shady if the withdrawal amount is huge,they had this behaviour earlier as well so this means they are going out of bankroll?

I wouldnt doubt this is the reason behind the delaying of their customers withdrawals.
They simply dont have enough to do these withdrawals for this amount of bitcoin.
They can keep saying those customers breached their terms of service which they agreed upon when they signed up for an account.
Even if they didnt. This is their crutch to fall back on for delaying and eventually not paying them out.
A shameful act by a once well known crypto casino to do in ruining their reputation.

[LTU_btc]

Still no positive update from Cloudbet, this is not looking good. My geography is very poor, I googled Curasco & notice it is in Peru. I’m not sure they’ll be trackable, I doubt the feds there are going to be much good.

Curacao is island in Caribbes where many offshore companies are registered to avoid taxes and difficulties to get license. But as far as I know their physical office located in Ireland and they're operating from there.

[squatz1]

Still no positive update from Cloudbet, this is not looking good. My geography is very poor, I googled Curasco & notice it is in Peru. I’m not sure they’ll be trackable, I doubt the feds there are going to be much good.

Think you're confusing countries, Curaçao is an island nation. Wiki link - https://en.wikipedia.org/wiki/Cura%C3%A7ao

So the guy made a 150 BTC deposit?  That should be alarming for Cloudbet if they couldn't handle the action imo.  They should at least limit how much that guy could bet or they'll probably take a huge hit.

If they couldn’t pay out the win then they shouldn’t have accepted the bet, if they don’t pay out it’s disgraceful.

correct . gambling operators should know that gamblers do also bet higher amounts  and 150 btc is only small compare to other big time players . cloudbet   must not start a gambling business if they only have a small amount of capital  .

i thought Cloudbet is really legit knowing it existed for a long time

same here . i knew cloudbet long time ago .

Being around doesn't make you legitimate

of course it does . people can easily get attracted if a site is running for a long time but yeah we will never know in the future if they will colapse

I mean, no it doesn't. Being around for a long time may make you legitimate -- it just makes you reputable (of course if you have a good reputation within that time period) BTC-E was around for good deal of time and people swore by it, then it was taken down by the FBI.

[DeathAngel]

I really feel for the guy who is stuck with this bull shit. I couldn’t dream of having 100 bitcoin’s to myself. I can’t even imagine what it feels like to have somebody hold 330 bitcoin’s that are rightfully his. It is disgusting to be honest, Cloudbet & their people should be ashamed.

[AB de Royse777]

~snip~
Cloudbet & their people should be ashamed.

I don't think it's enough and should be a way to walk away with the money.

The guy needs to take legal action to get his money and cloudbet needs to give the money plus they need to accept any legal consequence if there is any to harass their customer and for scam attempt.

[LFC_Bitcoin]

I don’t understand why they won’t return the 150BTC deposit. There is no excuse not to arrange that. They’re obviously being shady.

[BitcoinGirl.Club]

I don’t understand why they won’t return the 150BTC deposit. There is no excuse not to arrange that. They’re obviously being shady.

They are continuously buying time. This is not good. Also I wonder who the f**k hell trust a gambling company with that f**king much BTC. I would have a heart attack LOL.

[rdbase]

This is part of what cloudbet posted on their own thread just today about this case
"In this case, our fraud team has needed more time than usual as the case is quite complicated and involves several different parties and inconsistent information from the player. This is our standard procedure if there is any suspicion of fraudulent activity."
I think this is what is holding back them paying out this customer their winnings.
What inconsistent information could they be referring to?