I'm fairly new to the dice community and I'm sure many of you are more knowledgeable than me but aren't we overreacting here?

The public cold wallets never 100% covered the site bankroll to begin with so it was always assumed the difference were in hot wallets for quick processing. So if the site wasn't insolvent before, they wouldn't be now. Nothing has changed.

I hope this doesn't bite me in the ass for pointing out but Safedice always came off as a legitimate business. If it's plan was to operate under shady business practices, they would never have offered multiples of the kelly feature reducing counterparty risk.

The site has been around for 1.5 years without any major issues. And finally, if push came to shove, and the site was in fact insolvent by ~50 coins, you'd have to think it's +ev for the owners to cover the difference or at least sell off the site to pay everyone back right? I don't know how much these sites are worth but I'd assume they'd be valued at >50 coins easily.

As a player or investor who has holdings on the site, the last thing you want to do is overreact on forums or in the site chat and wrongfully give this site a negative reputation. That is the worst thing that could happen both short and long term. It's only been 6 hours. I think they've earned the benefit of the doubt (for now).