Coinbet.cc -- $340,000 stolen, the worst 45 days of my life. [Long]

[xetsr]

Anyone notice their site was registered in the USA?  


http://safeweb.norton.com/report/show?url=coinbet.cc

Does this mean the owners were running an illegal business inside the US? (They had other payouts besides bitcoin)

Their server was in Costa Rica.

Was ... now it is hosted on GoDaddy  

Just seen that. They will probably be back with a new site soon. Hope everyone is careful with any new sports books over the next couple of months

[TwinWinNerD]

Wow, what a turn:

http://www.coinbet.cc/

[doggycoltrn]

o CoinBetR
Sorry to email again this again in response to my inquiry about the bonus withdrawal questions
 
The contributing percentages of games towards the wagering requirements are as follows:
100% on all slot games
25% on Sports betting
5% on all other games.
 
Could you help me understand this? So if I bet 1000 on a sports game 1250 goes towards the bonus ? Or 250? Thanks
 

Do I have to calclulate that myself? Or is it something you guys provide on the site? Thanks for quick responses, great service

We are almost finished getting the counter live - it's been a huge pain trying to factor in the accounts from before the platform change. Sorry for the delay!


I didn't even request the bonus but got it , so just confused as to how to withdraw any money ,my first time using you guys or anyone on bitcoin so just get a little nervous having my money locked up. Thanks



CoinBet® Support
7:17 PM (1 hour ago)

to me
Thanks for emailing. We are going through every verified account and issuing payouts as time allows, in order of player account. In the event a rollover requirement was not met, players will be refunded their deposits. If rollover requirements were met, then the balance or a negotiated amount will be issued instead. Please allow some time for us to work our way through everyone, as there's a large list of players. We appreciate your patience.

CoinBet®
So your saying none of the money won will be paid if rollover requirements is not met ? Even though I did not have time to meet the rollover requirement ? That is total bullshit, if you check my play I was well on pace to meet rollover requirement , and I have made several requests to find out what my rollover was , with no response or answer . Do you then refund the losing players there deposits as well? Makes no sense, it should be a percentage of your winnings based on the bonus amount you were giving so if my balance is 50k I should at least receive 25k,

hope your not in the us for your sake

[John (John K.)]

Anyone successfully obtained their refund yet?  This seems to be a classic case of a book getting a payout request over their comfort level and shutting down...

[BitcoinzRulez]

o CoinBetR
Sorry to email again this again in response to my inquiry about the bonus withdrawal questions
 
The contributing percentages of games towards the wagering requirements are as follows:
100% on all slot games
25% on Sports betting
5% on all other games.
 
Could you help me understand this? So if I bet 1000 on a sports game 1250 goes towards the bonus ? Or 250? Thanks
 

Do I have to calclulate that myself? Or is it something you guys provide on the site? Thanks for quick responses, great service

We are almost finished getting the counter live - it's been a huge pain trying to factor in the accounts from before the platform change. Sorry for the delay!


I didn't even request the bonus but got it , so just confused as to how to withdraw any money ,my first time using you guys or anyone on bitcoin so just get a little nervous having my money locked up. Thanks



CoinBet® Support
7:17 PM (1 hour ago)

to me
Thanks for emailing. We are going through every verified account and issuing payouts as time allows, in order of player account. In the event a rollover requirement was not met, players will be refunded their deposits. If rollover requirements were met, then the balance or a negotiated amount will be issued instead. Please allow some time for us to work our way through everyone, as there's a large list of players. We appreciate your patience.

CoinBet®
So your saying none of the money won will be paid if rollover requirements is not met ? Even though I did not have time to meet the rollover requirement ? That is total bullshit, if you check my play I was well on pace to meet rollover requirement , and I have made several requests to find out what my rollover was , with no response or answer . Do you then refund the losing players there deposits as well? Makes no sense, it should be a percentage of your winnings based on the bonus amount you were giving so if my balance is 50k I should at least receive 25k,

hope your not in the us for your sake

I mean they've hidden behind their ganky T&C posting garbage and their ever changing rollover requirements for months.  

NO ONE will get paid unless its like .01 BTC.  they clearly have 0 liquidity and even though i met the rollover requirement three times i "never really met them" <wink wink nod nod>.  achieving rollover requirements was like finding the end of the rainbow -- everytime you got close it got farther and farther away.

This whole thing with them is just an unbelievable farce.  if they were legit they dont go under 23 hours after i make my post.  and as i've maintained with those thieves all along, bitcoin payments take 20-30 seconds.  they could've processed every single person in the 6 hours since they shut down.  

what takes time is moving wiping servers, moving them and getting their new scammy site up and running...

[doggycoltrn]

used yesware to track my last email, they are in us, i erased the part of ny i live in personal reasons

MESSAGE DETAILS « Back to Tracking Report

support@coinbet.cc To: CoinBet® Support <support@coinbet.cc>
Sent: Apr 19, 2014 (18 minutes ago)
Subject: Re: Deposit
Tracking Events

Event    Location    Client/Device    When
Recipient opened    Gig Harbor, WA
75.121.237.103    Safari Macintosh    Apr 19, 2014
17 minutes ago

[alabamafan1]

Time to find the book since they're here in the U.S.

[BitcoinzRulez]

used yesware to track my last email, they are in us, i erased the part of ny i live in personal reasons

MESSAGE DETAILS « Back to Tracking Report

support@coinbet.cc To: CoinBet® Support <support@coinbet.cc>
Sent: Apr 19, 2014 (18 minutes ago)
Subject: Re: Deposit
Tracking Events
Event    Location    Client/Device    When
Recipient opened    Gig Harbor, WA
75.121.237.103    Safari Macintosh    Apr 19, 2014
17 minutes ago
Sender opened    , NY
173.52.96.199    Chrome Macintosh    Apr 19, 2014
17 minutes ago
Sender opened    , NY
173.52.96.199    Chrome Macintosh    Apr 19, 2014
18 minutes ago
Sender opened    , NY
173.52.96.199    Chrome Macintosh    Apr 19, 2014
18 minutes ago

you want to get together and take a little road trip?  i think we have enough money at stake to justify it.

[phinzphan]

CoinBet® Support
7:17 PM (1 hour ago)

to me
Thanks for emailing. We are going through every verified account and issuing payouts as time allows, in order of player account. In the event a rollover requirement was not met, players will be refunded their deposits. If rollover requirements were met, then the balance or a negotiated amount will be issued instead. Please allow some time for us to work our way through everyone, as there's a large list of players. We appreciate your patience.

CoinBet®
So your saying none of the money won will be paid if rollover requirements is not met ? Even though I did not have time to meet the rollover requirement ? That is total bullshit, if you check my play I was well on pace to meet rollover requirement , and I have made several requests to find out what my rollover was , with no response or answer . Do you then refund the losing players there deposits as well? Makes no sense, it should be a percentage of your winnings based on the bonus amount you were giving so if my balance is 50k I should at least receive 25k,

hope your not in the us for your sake

That's a canned reply, I got  the same thing.

[COINBET.com]

Coinbet.cc is closed .. for which I am grateful as it means one scam site less! But clearly they planned the closure over Easter with many public holidays.

I really feel sorry for players who lost a lot of money but why, why, why, would anyone deposit money to a site like coinbet.cc? Please DYOR.

I've had some (unfortunate) talks with these coinbet.cc guys as they tried to bully me out of my coinbet.com domain with fake trademark certificates and spoofed Godaddy emails. If anyone wants to contact me go through my contact form at coinbet.com/contact

http://coinbet.com/assets/images/coinbet-cc-closed.jpg

[golfprojosh]

Problems with CoinBet casino?
APRIL 19, 2014 3:02 PM / LEAVE A COMMENT

It has come to our attention that players are having problems with a bitcoin casino called CoinBet.cc, according to threads on BitcoinTalk.org

We will not be linking to them in this post, because we do not want to send an alleged scam site any traffic. However, in the spirit of full disclosure, CoinBet has previously advertised on this site, and paid for promotional posts on our feeds on reddit and other sites, but it is now our recommendation that players avoid depositing on CoinBet for the time being. We prefer not to jump to conclusions or put an advertiser on blast like this, but it’s not looking good for them right now.

UPDATE: It has now come to our attention that on the date of one of our recent press releases, one of Coinbet’s players “coincidentally” received an email from a Coinbet executive that just so happens to have the same name of BitcoinSource’s CTO. It’s not clear at this time whether they actually have someone on staff with the same name, or if they just lifted the name directly out of our press release to lend legitimacy to their scam (the latter seems much more likely), but we are investigating either way and will post if we find more info. BitcoinSource has no affiliation with Coinbet, other than the fact that they purchased paid advertising on our news portal and feeds.

We highly recommend that the bitcoin community avoid Coinbet like the plague, and withdraw any funds deposited there immediately.

If anyone from Coinbet, or any one else with any info, would like to contact us with any information that could help in our investigation, please do so using the contact us page on this site. We would especially like to hear from John Bauer, the apparent owner of Coinbet and VP of operations, but we will not be holding our breath.

[Lucky Cris]

I took down an entire book in <24 hours.  I deserve props and would take an ovation if it didn't cost me $340,000 in the process.

So very sorry for your loss BitcoinRulez. I remember when Coinbet.cc first opened you were one of the main advocators for the bitcoin community, letting us know to use this site with caution. I, for one, am glad this place is finally gone; so many have had issues with them paying out a large winning... I wonder if that million dollar Super Bowl win was a hoax?

Unfortunately it was at your expense, but you've served this community again, this time by taking down a shady book/casino. Bravo

[BorderBits]

LOL @ OP (and dumb fucking 'coiners in general)

[BorderBits]

If it makes you feel better, it's not like you could actually cash out that much BTC to real money.

[BitcoinzRulez]

Problems with CoinBet casino?
APRIL 19, 2014 3:02 PM / LEAVE A COMMENT

It has come to our attention that players are having problems with a bitcoin casino called CoinBet.cc, according to threads on BitcoinTalk.org

We will not be linking to them in this post, because we do not want to send an alleged scam site any traffic. However, in the spirit of full disclosure, CoinBet has previously advertised on this site, and paid for promotional posts on our feeds on reddit and other sites, but it is now our recommendation that players avoid depositing on CoinBet for the time being. We prefer not to jump to conclusions or put an advertiser on blast like this, but it’s not looking good for them right now.

UPDATE: It has now come to our attention that on the date of one of our recent press releases, one of Coinbet’s players “coincidentally” received an email from a Coinbet executive that just so happens to have the same name of BitcoinSource’s CTO. It’s not clear at this time whether they actually have someone on staff with the same name, or if they just lifted the name directly out of our press release to lend legitimacy to their scam (the latter seems much more likely), but we are investigating either way and will post if we find more info. BitcoinSource has no affiliation with Coinbet, other than the fact that they purchased paid advertising on our news portal and feeds.

We highly recommend that the bitcoin community avoid Coinbet like the plague, and withdraw any funds deposited there immediately.

If anyone from Coinbet, or any one else with any info, would like to contact us with any information that could help in our investigation, please do so using the contact us page on this site. We would especially like to hear from John Bauer, the apparent owner of Coinbet and VP of operations, but we will not be holding our breath.

http://bitcoinsource.net/btc-news/



can any of you all who scours for internet data find a link between anything digital from coinbet and anything digital from bitcoinsource?  IPs, servers, domain regs, addresses, locations, etc etc.

the only thing right now is the name michael carter which overlaps.

[BitcoinzRulez]

LOL @ OP (and dumb fucking 'coiners in general)

very helpful, good post!

[golfprojosh]

http://www.reddit.com/r/Bitcoin/comments/23gklz/coinbet_is_now_closed/

Obtaining information from as many forums as possible seems like a good idea as well.

[FUR11]

I'm really sick of the sacks of shit ITT who are BLAMING the people who got their coins stolen.

OP: between the emails you have and the deposit (and maybe cashout) address(s) you have, you can def start doing some detective work.  I'd suggest everyone who got stolen from get together, pool their information, and maybe hire some sort of bitcoin forensic accountant.  The quicker you get organized, the more likely you'll be able to track the thieves down and hopefully get some restitution in the form of legal measures.  Best of luck.

[redhawk979]

Everyone needs to stop hating on the Captain of Industry who ran Coinbet. Caveat Emptor bitches.

[BorderBits]

Everyone needs to stop hating on the Captain of Industry who ran Coinbet. Caveat Emptor bitches.