Post
Topic
Board Gambling
Merits 1 from 1 user
Topic OP
Betnomi | Project status
by
betnomi
on 16/11/2023, 21:33:58 UTC
⭐ Merited by jayce (1)
Dear users and friends,

We are writing to inform you of the status of Betnomi and our commitment to fully refunding all user balances.

In June, we faced significant internal challenges related to the company's long-term financial outlook and ownership structure. To address these issues, we temporarily suspended operations and initiated a restructuring process with a focus on long-term profitability. During this time, it became clear that continuing to work with the existing owners was no longer viable, and we terminated the partnership.

Unfortunately, following this decision, certain individuals engaged in backroom deals to extract Betnomi's intellectual property and resources for the purpose of launching a new casino independently. These actions resulted in significant damage to Betnomi and its users. Critical system resources were restricted, and the database became inaccessible, preventing users from withdrawing their balances.

We have since learned that our database was compromised and potentially sold to another casino platform that falsely claimed Betnomi had rebranded. We are pursuing legal action against this entity.

Fortunately, we have successfully retrieved a backup of our database and are working with regulators to develop a plan for fully refunding all users. This plan will be announced in the coming days.

Due to several legal actions that are pending against those who stole our intellectual property and those who wrongfully gained access to our systems and falsely claimed to be associated with us. The outcome and duration of these cases are uncertain. Therefore, we have decided to permanently cease operations and stop using the Betnomi brand in our best interests.

Over the past two years, we have developed our own casino software, risk management engine, and other valuable intellectual property worth millions of dollars. We intend to leverage this expertise to rebuild a stronger brand in the future.

We will provide an update on our reimbursement plan and schedule as soon as possible.

Thank you for your understanding.