Post
Topic
Board Reputation
Re: Livecoin participants should be tag?
by
No HATE
on 20/07/2019, 23:10:48 UTC


Pretty similar to livecoin, keeping customer's funds as hostage.

Why was 6.5 BTC funds confiscated from Clients account?

T&C 16.1 “Without restricting our ability to rely on other remedies that may be available to us, we may suspend and/or terminate your account, cancel any outstanding bets and/or confiscate any or all funds in your account at our absolute discretion if: (i) we suspect that you are engaging in money laundering, illegal or other fraudulent activity while using our Website; or
(vi) we determine that you are breaching any term of these Terms and Conditions;”

T&C 16.2 “You acknowledge that Sportsbet.io shall be the final decision-maker as to whether you have violated rules, terms or conditions in a manner that results in suspension or permanent barring from participation in our Websites.”

Considering:

a)   The Client provided false and misleading information during the KYC procedure

b)   Strong suspicion (over reasonable doubt) of fraudulent activity regarding transactions and gameplay

c)   The fact that the Client had already received a 12.9BTC profit via fraudulent gameplay from the Operator

The Operator exercised its right to confiscate 6.5 BTC from the Clients account.


There was Yobit, Betcoin, Sportsbet

And bitcasino, and many others.

Damn, Livecoin campaign caused even more drama than Yobit!

Due to some self interest or unfair DT judgement, the drama started when Hhampuz tagged accounts.

First of all, if I didn't missed anything, this campaign still wasn't verified by Livecoin staff,

This is confirmed.