BetInAsia stealing user funds, do not use this agent!

[Get-Paid.com]

What happened::

SBRForum has issued an official warning against BetInAsia.

BetInAsia is an agent allowing users to deposit/withdraw funds and play using their platforms, such as OrbitExchange.

The benefit of playing on such a platfrm is that you have an access directly to BetFair, one of the biggest betting exchanges in the world, that is normally blocked in many countries, but using an agent you can bypass the block and bet there using a platform like OrbitExchange.

BetInAsia is providing you an access to OrbitExchange, however those who deposited large amounts with them discovered BetInAsia STOLE THEIR FUNDS by placing intentional losing Cricket bets on their behalf! This is not a joke, it's real. Such bets allow BetInAsia to steal user funds through the exchange.

It happened many times and BetInAsia ignored these users, and now SBRForum has issued a warning against them. DO NOT USE them as agents, they would steal your money, be aware!

For more info and to see so many examples of stolen funds read here:
https://www.sportsbookreview.com/forum/sportsbooks-industry/3720440-warning-orbitxch-betinasia-7000-lost.html

Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=2234393

Reference Link:
https://www.sportsbookreview.com/forum/sportsbooks-industry/3720440-warning-orbitxch-betinasia-7000-lost.html

Amount Scammed:
Over 6 digits of $$$ from users

Payment Method:
Crypto

Additional Notes:
Once again you can read it all here:
https://www.sportsbookreview.com/forum/sportsbooks-industry/3720440-warning-orbitxch-betinasia-7000-lost.html

The user "optional" is from the SBRForum team, it's an official warning! Please stay away from BetInAsia!

[logfiles]

I never knew about their existence until today. Their forum profile was online today. I would like to hear what kind of explanation they come up with.

BetInAsia is an agent allowing users to deposit/withdraw funds and play using their platforms, such as OrbitExchange.

So do they have physical addresses in some of the Asian Countries? Or the whole thing is just online?

BetInAsia is providing you an access to OrbitExchange, however those who deposited large amounts with them discovered BetInAsia STOLE THEIR FUNDS by placing intentional losing Cricket bets on their behalf! This is not a joke, it's real. Such bets allow BetInAsia to steal user funds through the exchange.

What were they thinking?
A failed attempt to make more profits off the customers' funds without authorization?

[Get-Paid.com]

So do they have physical addresses in some of the Asian Countries? Or the whole thing is just online?

The bottom of the site states:

THIS SITE IS OPERATED BY LONE ROCK HOLDINGS N.V., REG# 148107 – ABRAHAM DE VEERSTRAAT 7, WILLEMSTAD, CURACAO. LICENSED TO CONDUCT ONLINE GAMING OPERATIONS BY GOVERNMENT OF CURACAO LICENSE NO 365/JAZ, SUB-LICENSE GLH-OCCHKTW0710132018 © COPYRIGHT 2020 LONE ROCK HOLDINGS N.V. ALL RIGHTS RESERVED. GAMBLING CAN BE ADDICTIVE. PLEASE GAMBLE RESPONSIBLY. 18+ TO PLAY. LONE ROCK HOLDINGS N.V., REG# 148107 – ABRAHAM DE VEERSTRAAT 7, WILLEMSTAD, CURACAO.

The owners could be from anywhere but you probably could get more info via these licenses?

[joniboini]

You can find their registration details here[1]. It seems like they registered another company as a proxy to manage their activities. Judging from their address, this is definitely another shell company that hides their location and activity like other shady businesses on the market. Their proxy seems to be Maidstar Holding Limited[2]. CMIIW.

[1] https://www.curacaochamberofcommerce.com
[2] https://www.companysearch.bz/public_search/search_query3.php

[BetInAsia]

Hello Bitcoin Forum,

We understand that there have been concerns within our user base regarding account security, and we would like to take this opportunity to address the issue comprehensively.

First and foremost, we want to address that falsely accusing the company of stealing is a serious offense, and in this case it’s totally unfounded.

BetInAsia has never engaged in any activity that involves stealing funds from our users. Our commitment to providing a secure and trustworthy platform for sports betting remains unwavering.

Upon investigation, it has come to our attention that the incidents of stolen funds were largely attributed to users accessing phishing websites that mimic Orbit Exchange, our partner platform. These fraudulent sites aimed to deceive users that are googling for Orbit-related keywords, into providing sensitive information, consequently compromising their accounts. We strongly advise all our users to exercise extreme caution and only access BetInAsia through the official channels to avoid falling victim to such scams.

In response to these incidents, we have implemented additional security measures, with a particular emphasis on the importance of two-factor authentication (2FA). Since the introduction of 2FA, there has been a significant reduction in unauthorized access and incidents of stolen funds. We urge all our users to enable 2FA on their accounts (both on Portal and OrbitX) to enhance the security of their personal information and funds.

We understand the frustration and concern that such incidents can cause, and we want to assure our users that BetInAsia is committed to continuously improving our security protocols to safeguard your accounts and funds. Our customer support team is available around the clock to assist with any security-related inquiries or concerns.

We appreciate your understanding and ongoing support as we work together to maintain a secure and enjoyable betting environment for all our users. If you have any further questions or concerns, please do not hesitate to reach out to our Customer support team.

Best regards,
BetInAsia Team

[examplens]

Upon investigation, it has come to our attention that the incidents of stolen funds were largely attributed to users accessing phishing websites that mimic Orbit Exchange, our partner platform. These fraudulent sites aimed to deceive users that are googling for Orbit-related keywords, into providing sensitive information, consequently compromising their accounts. We strongly advise all our users to exercise extreme caution and only access BetInAsia through the official channels to avoid falling victim to such scams.

It's not very clear to me. After stealing user usernames/passwords, why did the hackers place bets that they would surely lose? How did they get the money out of there in the end? Why didn't they, like all other crypto thieves, just withdraw to their addresses?

on the link shared by the OP, there is information that there is already a proven accusation that your employee bagged the money.

[coupable]

Upon investigation, it has come to our attention that the incidents of stolen funds were largely attributed to users accessing phishing websites that mimic Orbit Exchange, our partner platform. These fraudulent sites aimed to deceive users that are googling for Orbit-related keywords, into providing sensitive information, consequently compromising their accounts. We strongly advise all our users to exercise extreme caution and only access BetInAsia through the official channels to avoid falling victim to such scams.

This is similar to the policy of escape forward. Did you write this long post to convince us that the only problem you have is that users use malicious links and that they are safe if they use more protection methods?
You did not answer any of the points mentioned in the OP. Your entire position increases suspicions that there are thefts taking place on your platform, and that you are evading answering complaints about them by moving the discussion to another direction. This is the worst thing you can do because users are not stupid and will not be fooled by these methods. I think it would be better to confront the real complaint and try to present a better image in a better way.