Quote from: Badonkadonk on December 20, 2013, 01:15:35 PM

Quote from: Shallow on December 20, 2013, 12:46:18 PM

Quote from: NUFCrichard on December 20, 2013, 09:18:22 AM

Bit365s last post this morning.

Quote

Important update on status of payouts:

We realize many of you are panicking and I am here to update everyone on the current status of payouts and hopefully ease some tensions.

As you know, about one month we realized investments were calculating the wrong profit amounts. While fixing this issue over the next two weeks, the large number of cash out requests while this was on going quickly tapped out the small amount of BTC kept in our hot wallets.

What you do not know, is when we went to recover the majority of site funds from the thousands of addresses in cold storage, we were unable to recover the wallet files. In hindsight, it was a bad idea to not let everyone know about this at the time, but we did not want everyone to think their BTC was gone forever.

Over the past few weeks we worked on recovering the wallets hoping that this problem could resolve itself quickly. Days and weeks went by and we were still unsuccessful and users became much more impatient waiting for their payouts. However, I am happy to announce that we have now recovered one wallet, and it looks like we will be able to recover all of them.

Payouts will now be resuming and as more BTC is recovered all pending bets and investments will be sent out. We will be going through the list of missing payouts, or you can PM us the info and we will make sure it is processed asap.

BitcoinSports never was, is, or ever will be a scam. We will never run with your funds. We would not continue to update everyone if we did not have every intention of making good. We will continue to keep everyone updated about this at a much more frequent rate. We apologize for the lack of communication, it has been a stressful time for our users and our staff while we resolved this and we thank you for your patience.

I actually trust him for some strange reason. I am sticking with the signature. I signed up for another month just before the rates were cut, I don't know if that will be honored, but as a user of his sportsbook I like to carry the logo.

I'll believe it when i see it. IMO he's just buying time as usual.

always the skeptic ey?
atleast they have one wallet up and we should se some ppl getting their btc soon enough.
i think that will give most ppl piece of mind.

ya i think everyone who is smart is a skeptic, its been like a month with no one getting paid. If he starts paying people that we are wrong and thats great, but i'm not just going to trust him because he posted something. He owes me money so i really hope hes being honest and i will be paid soon, but to just trust him because he says so is just dumb, and to continue to advertise for him is not only dumb but also wrong because your screwing over other by making them think hes legit.

zach46290

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