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

[Light]

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

Being an idiot and falling into scams doesn't justify people who run scams. Last time I checked, fraud and theft is both illegal and highly unethical in the society we live in. In such a case, I'd see no reason why they wouldn't be right in 'hating' on Coinbet.

[BorderBits]

OP, you should probably throw more BTC at their accounts... that way you can follow them through the tumblers like a hero chasing a villain on top of a moving train! 

[COINBET.com]

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.

Good idea. And should such a group of people get together and hire a lawyer, have that lawyer contact me through at coinbet.com/contact or meet me at bitcoin2014.com in May.

I do think I can help, but I'm not going to start posting random shit here.

Like I mentioned in my earlier post, I've had lots conversations (phone and email) with coinbet.cc as they tried to take my coinbet.com domain with fake trademark certificates and spoofed Godaddy emails. They then wanted to buy the domain but didn't have money to pay what I demanded. They also wanted me to work for them as I have 10 years of work experience in online gambling. I even considered it for a couple of days but came to my senses... besides some "bitcoin people" I met at Casual Connect in Amsterdam in February also convinced me to stay the heck away.

[VolanicEruptor]

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.

Good idea. And should such a group of people get together and hire a lawyer, have that lawyer contact me through at coinbet.com/contact or meet me at bitcoin2014.com in May.

I do think I can help, but I'm not going to start posting random shit here.

Like I mentioned in my earlier post, I've had lots conversations (phone and email) with coinbet.cc as they tried to take my coinbet.com domain with fake trademark certificates and spoofed Godaddy emails. They then wanted to buy the domain but didn't have money to pay what I demanded. They also wanted me to work for them as I have 10 years of work experience in online gambling. I even considered it for a couple of days but came to my senses... besides some "bitcoin people" I met at Casual Connect in Amsterdam in February also convinced me to stay the heck away.

Very interesting.  I fully support the OP and would even chip in for lawyer fees if he decides to go that route.  I didn't think there was much anonymity with this case, and it looks from your post that I may be right.  I think there is a good chance for justice here, and this is coming from someone who has seen a lot of scams here.  And it doesn't matter if the entity is not based in the US.  It will be very interesting to see where this goes.  I think a lot can be done here..

[dooglus]

I have seen cumulative turnover BTC of over 600 coins on a single user at Just-dice by the way.

We've taken single bets over 5000 BTC each, with the biggest one being over 7000 BTC.

One guy bet over a million BTC in a single day.

We've cashed out players to the tune of 10,000 BTC in a single withdrawal. We've taken over a billion bets without a single withdrawal problem. We hold coins for over a thousand people who bankroll the site.

It is possible to run a trustworthy, probably fair, provably solvent Bitcoin betting site.

[dooglus]

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

There are currently bids of $500 and over for 721 BTC on bitstamp alone. That is money that has been deposited and is just sat there waiting for someone to offer their coins for sale for $500. That means OP could get over $350k for the 700 BTC he is owed. I don't understand why people think it's not possible to exchange BTC for dollars. It's very possible and happens all the time.

[howzar]

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

There are currently bids of $500 and over for 721 BTC on bitstamp alone. That is money that has been deposited and is just sat there waiting for someone to offer their coins for sale for $500. That means OP could get over $350k for the 700 BTC he is owed. I don't understand why people think it's not possible to exchange BTC for dollars. It's very possible and happens all the time.

Dooglus on a rant! I love it! hahah

[Nammi]

Sick story. Feel sorry for your loss... Seems highly unlikely you will ever see your money back, however I hope these scammers will get caught and you will see (a part) of your money back.

[COINBET.com]

I have seen cumulative turnover BTC of over 600 coins on a single user at Just-dice by the way.

It is possible to run a trustworthy, probably fair, provably solvent Bitcoin betting site.

Yep absolutely agree. There's no reason to stop playing just because of coinbet.cc or any other scam site. Not nice for those who lost money on coinbet.cc but that's why players need to do research, read reviews and check reputable affiliate sites like coinbet.com!

[Jaybird]

I told you guys to read the fine print with this book. If a drug deal goes bad, you are out the money even if you have a contract. The rules were broken by going public. No one has ever won a court case with a book in Costa Rica and a lawyer is useless. just sayin

[Gogo ppp]

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

+100000.

Some real low lifes on this forum.

(Plus a total moron who "quotes" a gigantic thread to add a few sentences at the end).

BitcoinzRulez - Very sorry to read your story. You were very brave to put it all out there.
Hopefully "Michael Carter" can be identified, and things will hopefully progress from there.

[Jaybird]

Rulez- I'm sorry to hear about this but just put it behind you. The guys talking about a lawyer must be newbies. You can't beat an established cash book in Costa Rica. You aren't beating a new Bitcoin book in CR. Criminally the best thing for the government would be for them to have a wire tap and have their own guy place bets. They don't have it and you aren't getting anything if they were found guilty. You aren't getting anything if you get the real names of all involved. The government isn't going to waste their time on this with so little evidence. Prosecutors have to win a high percentage of their cases to maintain their jobs. If they lose, it's a waste of tax payer dollars. It's a sad story but you have to leave it alone.

[COINBET.com]

Rulez- I'm sorry to hear about this but just put it behind you. The guys talking about a lawyer must be newbies. You can't beat an established cash book in Costa Rica. You aren't beating a new Bitcoin book in CR. Criminally the best thing for the government would be for them to have a wire tap and have their own guy place bets. They don't have it and you aren't getting anything if they were found guilty. You aren't getting anything if you get the real names of all involved. The government isn't going to waste their time on this with so little evidence. Prosecutors have to win a high percentage of their cases to maintain their jobs. If they lose, it's a waste of tax payer dollars. It's a sad story but you have to leave it alone.

I think you are wrong. Things have changed quite a lot and the DoJ is interested to seek out these sites but it does also require a substantial value or volume in terms of $$. Nevertheless it's worth a shot. And there's plenty of evidence from government document fraud (falsifying trademark certificates), email and internet fraud, and defrauding of players, and probable more. I think there's a shitload of evidence.

[COINBET.com]

I told you guys to read the fine print with this book. If a drug deal goes bad, you are out the money even if you have a contract. The rules were broken by going public. No one has ever won a court case with a book in Costa Rica and a lawyer is useless. just sayin

Fine print means squat. Anyone can write terms and conditions and change those at any time to anything they want, which would also be on those terms. The obvious thing would be to DYOR before depositing money - to any site.

What the heck does a bet have to do with a drug deal?

[Jaybird]

Rulez- I'm sorry to hear about this but just put it behind you. The guys talking about a lawyer must be newbies. You can't beat an established cash book in Costa Rica. You aren't beating a new Bitcoin book in CR. Criminally the best thing for the government would be for them to have a wire tap and have their own guy place bets. They don't have it and you aren't getting anything if they were found guilty. You aren't getting anything if you get the real names of all involved. The government isn't going to waste their time on this with so little evidence. Prosecutors have to win a high percentage of their cases to maintain their jobs. If they lose, it's a waste of tax payer dollars. It's a sad story but you have to leave it alone.

I think you are wrong. Things have changed quite a lot and the DoJ is interested to seek out these sites but it does also require a substantial value or volume in terms of $$. Nevertheless it's worth a shot. And there's plenty of evidence from government document fraud (falsifying trademark certificates), email and internet fraud, and defrauding of players, and probable more. I think there's a shitload of evidence.

There may be 1000 sites out there. Unless they have money laundering, extortion, racketeering and such, they won't touch it. Normally they have 2 or 3 years of evidence. They may even catch them with cash on hand. It has to be a surprise attack. Even if guilty the victims don't get any money. DOJ goes after Mob. There are so many other charges that can be tacked on and all the prosecution needs is one to stand to save face.

[btcdrk]

find owner name and delete him !
340k is more than life price

sorry for you

[Jaybird]

I told you guys to read the fine print with this book. If a drug deal goes bad, you are out the money even if you have a contract. The rules were broken by going public. No one has ever won a court case with a book in Costa Rica and a lawyer is useless. just sayin

Fine print means squat. Anyone can write terms and conditions and change those at any time to anything they want, which would also be on those terms. The obvious thing would be to DYOR before depositing money - to any site.

What the heck does a bet have to do with a drug deal?

You can't recover funds for illegal transactions. It would have to be a land based casino where it is legal or in a place such as Europe where it is regulated.

[Jaybird]

Rulez can keep losing sleep going back and forth from thinking he can get his money or for revenge but nothing is going to change. I've been there. He should be calling Coinbet trying to get a settlement or forgetting about it. I would be trying for a settlement. I'd take $10k at this point.

[phinzphan]

Rulez- I'm sorry to hear about this but just put it behind you. The guys talking about a lawyer must be newbies. You can't beat an established cash book in Costa Rica. You aren't beating a new Bitcoin book in CR. Criminally the best thing for the government would be for them to have a wire tap and have their own guy place bets. They don't have it and you aren't getting anything if they were found guilty. You aren't getting anything if you get the real names of all involved. The government isn't going to waste their time on this with so little evidence. Prosecutors have to win a high percentage of their cases to maintain their jobs. If they lose, it's a waste of tax payer dollars. It's a sad story but you have to leave it alone.

Actually, we believe the owner lives in the USA.

[Jaybird]

Rulez- I'm sorry to hear about this but just put it behind you. The guys talking about a lawyer must be newbies. You can't beat an established cash book in Costa Rica. You aren't beating a new Bitcoin book in CR. Criminally the best thing for the government would be for them to have a wire tap and have their own guy place bets. They don't have it and you aren't getting anything if they were found guilty. You aren't getting anything if you get the real names of all involved. The government isn't going to waste their time on this with so little evidence. Prosecutors have to win a high percentage of their cases to maintain their jobs. If they lose, it's a waste of tax payer dollars. It's a sad story but you have to leave it alone.

Actually, we believe the owner lives in the USA.

That would make it an illegal contract and doesn't help Rulez. Who do you sue, how do you prove you have the right person, did multiple people use the same email address, if you win does that person have the money to pay Rulez, is there anyone to testify against the person that you are going after, what bank accounts are you looking for, who received the money that went through, how do you follow the bitcoin trail to the right people. Emails, phone calls mean nothing. You have to be exactly sure where the money went. This isn't the first time that a case like this has happened nor will it be the last. The amounts of other cases have been for a lot more. People go to jail but Rulez isn't the one to file criminal charges, that's the DOJ. The DOJ wants their own plants to testify, not Rulez.