I didn't realize that, where/when did they say this? The last I heard was yesterday Jessica said they had actually been working on it the whole time and would have an update at the end of the week or month.

Does this mean they are only going to refund the players who have tracking software, figure it out themselves, and then request it?

That doesn't seem very fair to everyone else. 
Also, most of those players will be the same rake concsience players who are getting 100+% rakeback already.  The players they owe are the ones most likely to be clueless they were stolen from at all.  In reality, the regs who put in volume will suffer just as if the money were taken directly out of their pocket.

They should just figure out how much they owe each player with the following.

 [(Rake Taken)-(Rake that should of been taken)] - [Rake Back Paid] = Refund



I hope Betcoin tries to prevent this kind of thing in the future.  Money ending up in the wrong place is just a reality that comes with online poker - it's their job to actively look out for these times so they can immediately return the money to whoever it belongs to.  (Instead of doing nothing for months and then just keeping it bc its most convienient)

I hope other unregulated sites (some of which don't exist yet) are made aware that just because they don't answer to a regulatory third party doesn't mean they can get away with the scummy tactics that Betcoin has been using.  I want unregulated online poker to grow and I think Bitcoin makes it a real possibility.  Betcoin, however, is doing much more damage than good with their lies theft and lack of transparency.