How Betcoin has chosen to handle this situation is disgusting. They are taking the rakeback they were paying xiao and putting it back into their own pockets. They are leaving us high and dry.
The way they've handled every other situation (Jason's jackpot, BBJ, overraking hands) has been disgusting, why would you expect this to be any different? They got the players in, looked the other way when the money was stolen, won't compensate the players (seriously, how easy would it be for them to pay all of the missing rakeback out of their own pocket...especially if it was "only 40" players?), and will now continue to rake them in full. They got what they want and the fact that people got hurt doesn't matter to them because they have their legions of players who beg for $5 stakes who will call everyone else "haters" or "trolls". Betcoin prioritizes people who don't rake over players who rake heaps. It's not a good business model.