Sorry that I have been gone for so long everyone.

I wanted to apologize for the losses that my customers have endured, I know it doesn't make it right but I was 18 at the time and grossly mismanaged my business. It sure gave me a lot of experience and after witnessing the epic fails of Mt. Gox and other manchildren-run businesses I feel as if I was wiser as a teenager than Karpeles, Kluge and a couple of other honorable mentions of businessmen gambling with the investments such as Klye and so on.

I might have grossly mismanaged my business but I never lied about the risks associated with investing in my casino, nor did I lie about having any experience which I did not or any profit which you couldn't have potentially made.

I was always taught that a true apology must start with a confession and the person apologizing taking responsibility. So what happened in Casinobit exactly was that the investment calculation script was introduced to a live website instead of testing it first on testnet like many casinos do, a small bug was present in the calculation of the stake which resulted in a minuscule difference between the amount invested and divested. Dishonest members have quickly found this problem and exploited it by repeatedly divesting and investing so their sum of BTC grew unevenly, once ~100BTC was lost (1/3 of the investment as I recall at the top of my head) the bug was quickly fixed by me. Aggressive measures of damage control have taken place with me attempting to keep the flow of income from the casino by discouraging other members from divesting (since no additional BTC was being lost) to ultimately make all the investors whole.

I take full responsibility for introducing the investment bug into the casino, it was extremely foolish, very unprofessional and juvenile. No responsible businessman would do that to a functioning, live casino without testing it a million times over first.

Ultimately I haven't made a single bitcent from that casino and in fact lost some of my own Bitcoins to investors as well as months of my time. I am quite flattered that people seem to think that I ran off with 80,000$, I would probably be on a yacht somewhere in Thailand if this was true. I ask all members that withdrew to be honest and admit that they have the BTC instead of blaming me for stealing the whole sum.

Also to clear things up a bit I am not in any sort of legal/civil trouble despite the fact that multiple criminal cases have been opened against me in a couple of countries for running an illegal casino due to the reports of my customers.

My main motive for coming forward today is that I don't want to be associated with the fat pigs that live in skyskrapers in Tokyo while holding million dollar debts to our dear community which I very much care about.

Your humble servant, Max.