Quote from: JollyGood on October 24, 2019, 12:05:22 AM

Quote from: RHavar on October 23, 2019, 11:23:11 PM

And even worse than that, is he's not even processing normal withdrawals. The entire point of even having a bankroll is prevent shit like that from possibly being able to happen.

And on that note ladies and gentlemen please allow me to remind you exactly how big that bankroll was in 2017 at the end of the ICO. The bankroll was supposed to be 50% of all ICO funds raised.

The total ICO funds were over 1000 BTC, over 4500 ETH and over 850 LTC bringing in $6.5 million therefore the value of the bankroll was 50% of that amount at $3.25 million:

over 500 BTC
over 2250 ETH
over 425 LTC

Why did serial scammer Dean Nolan use the bankroll funds to ensure he could meet the guarantee he made which was "guaranteed part of the buy-back rate" of $0.0928 per BKB?

It is simple, he admitted he stole the 30 million BKB tokens that were supposed to be used for "ICO bounties, testing bounties, advisors, hiring, future marketing and development". He slipped in a later post writing:
"I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO":

https://bitcointalk.org/index.php?topic=4751127.msg44790903#msg44790903
and
https://bitcointalk.org/index.php?topic=1974926.msg20350022#msg20350022

The guaranteed basic lowest minimum buy-back rate without any profit attached was $0.0928 and x30,000,000 BKB stolen tokens gives you the scale of the scam.

A staggering $2.784 million of that $3.25 million bankroll theft went straight to the pockets of serial scammer Dean Nolan. All the other siphoning-off he did cannot be calculated entirely without an audit but this bankroll theft following on from the 30 million BKB token theft is the single most damning evidence of his scam and his greed.

https://web.archive.org/web/20191024001737/https://bitcointalk.org/index.php?topic=1974926.msg20350022#msg20350022
https://web.archive.org/web/20170903041628/https://betking.io/

Wow, how so much changes in a year and a half.. I remember when I first started out pen-testing, I submitted a bunch of bugs to Dean, that I found whilst pentesting Betking.io website and he paid in BTC, generally within 24-48 hours of submission, and paid well too. Little does he know I was literally using his website to learn, monetary incentive definitely helps you learn fast.

What a real piece of crap. What a shame.