Post
Topic
Board Scam Accusations
Re: $6,000,000 SCAMMED @ BC.Game (2428 ETH)
by
juicer07
on 06/08/2024, 00:20:58 UTC
Likely. Don't know why it's that way tbh. Their downside isn't as protected.

I'm using Rollbit at the moment and they convert your crypto to USD value when you deposit.

Depends on how you withdraw it as or how it is stored. Some hold it in $ amount while some hold it in crypto coins, so you get the equivalent dollar amount.

I hope this question isn't off-topic. Since the price of ETH has dropped by almost 20%, does the value of the unsettled amount remain as ETH in case it's settled later, or is it still valued at $6 million at the time the issue was encountered on bc.game? How do most casinos handle situations like this when the price of cryptocurrency drops?

I've seen similar issues with smaller amounts, like $1,000 in crypto, where the casino returned the equivalent dollar amount rather than the crypto itself.


i dont believe any hold it in USD amount unless you select the USD currency on a website specifically instead of BTC/ETH/Whatever because otherwise it would be literally detrimental to their bankroll when big crypto crashes happen if everyone was based on the dollar amount.


yeah but does it still secretly hold the original crypto deposited value? because otherwise... if someone has $10k in balance.. ETH drops 30% overnight like it just did... and the balance is still $10k after, they are paying 30% more tokens out which is bad for them longterm. maybe its just, obviously 95% of users with big balances dont hold them overnight and so whatever they lose with this model is super insufficient to them.