I haven't really followed this case until now. I've updated the Donator link on loyce.club. It now points towards this topic.
This 4 years old feedback turns out to be correct again:

I'm by no means on the side of Betnomi here as I think they're cowards for not providing an explanation. I do however think that they just ran out of money, they kept trying to promote the site and spend spend spend, but eventually they just had no more to give.
It's not the first time we've seen that. "Fake it till you make it" (or break it).
Even if it wasn't intentional, they should have had safeguards in place so they could always pay their users. The bankroll shouldn't be considered spending money.