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Topic: Betnomi | Project status & Refund Plan! - page 30. (Read 7493 times)

legendary
Activity: 1946
Merit: 1026
In Search of Incredible
November 17, 2023, 09:19:49 AM
#49
This is not the case. There were more than one owner of Betnomi (partners). We will not be releasing the names or any other information related to the partners at this point because it is unnecessary and there are potential legal consequences for doing so.
~snip~
Regards
Sorsis
As expected, Sorsis Chatwin will come with the innocent owner role. Because, Sorsis personal information is visible publicly, isn't it? The forum only knew 'Sorsis' as the admin/owner of Betnomi. Now you are blaming unknown person by addressing them as a shady owner of Betnomi. Users data has been compromised from your database. Perhaps, whoever completed the KYC verification on your platform is at risk too.

However, I want the victims to get the refund.
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
November 17, 2023, 09:16:29 AM
#48
Quote
First, why did it take so long to make an announcement?

There were a few reasons for this. First, the situation unfolded very quickly and it was unclear what was going on and who was involved. We needed to understand the scale and scope of the issue before making any public statements.


It's interesting that in all that crowd, you didn't find time to announce your current status, but you had time to edit your trust list and distrust all the users who gave you a negative rating. btw. This was done from the same account from which you are communicating now.
I'm very interested in what you want to achieve by doing so.

Finally, I would like to address one critical assertion. The claim that Betnomi is a scam is absurd. We spent millions of dollars and years of hard work to build the entire platform and infrastructure to support it. This is not a simple white-label operation. The sum of all users' balances left on the platform is less than our monthly expenses as a company.

Everyone with a significant balance, that is, an amount greater than $5,000 USD, has already made a complaint in the forum, and there are only about four or five of those. This is because we processed all pending withdrawals before taking the site into maintenance mode.

It is easy to make claims without knowing the facts, much less analyzing them. I simply ask that you do the math next time you have the urge to say "scam."

You disappeared from the forum without any explanation, and at the same time, a certain number of unsolved cases remained. That pretty much implies a scam. As long as you owe someone even $10, it is considered a scam attempt. $10 or $5000, there is not much difference in intention if you keep someone's money.

Quote
Second, the issue has become a legal one, and it is important to not comment on such matters without understanding the potential legal exposure.

If you want us to believe your story, and it would be useful for the community as well, you should present at least some of the facts. For example, Betnomi has nothing to do with the "Newnomi" casino, it is a part of the partner that left us You can do it so that it does not incriminate the current process if there is one.
hero member
Activity: 952
Merit: 662
November 17, 2023, 09:05:11 AM
#47
You can't blame them for tagging you as scammer because you left your customer high and dry without any official for so many months while doing this kind of announcement will just only take few minutes or hour of your time to construct a reassuring announcement that you are not gonna run away. I knew that you spend a lot to build your reputation here since forum is the witness on all of your promotion launch here. The problem is the trust broken when you become silent while all this chaos happening in the background.

It's nice that you comeback again to clean the doubts. Hoping that you will find a way to continue your business venture here!
If he doesn't like people to call Betnomi is scam, he only need to refund all the money and then waiting for the victims to confirm whether they already received or not. With that, he can shut every people mouths, although he can't have any way to force DT members to delete/change their negative feedback and other people opinions who will keep mentioning this case.
legendary
Activity: 2898
Merit: 1823
November 17, 2023, 08:58:04 AM
#46

What if all users have been refunded and you build back good reputation, are you coming back or no Betnomi again?

We'd be looking forward to seeing when you will refund all customers back their money.

They clearly said that, they have made a great platform and software which is worth millions of dollars, but as Betnomi’s image is not good at all, so they will make a comeback but with different branding.

My question to OP is that, will you associate the new brand with Betnomi? Or it will be completely a new independent company operating in an individual level. Yes, don’t forget to refund the money of the gamblers, that is lost due to the company’s failure.


I believe it would have been better for OP to quietly pay all of their users, then simply become a silent partner with another casino, or become a mere investor. It would be easier, simpler, and there wouldn't be any day-to-day stress to work with. They would also not be exposing themselves.

The community should also probably more cynical if OP is truly the same person who controlled that Betnomi account before the casino admins left.
sr. member
Activity: 938
Merit: 303
November 17, 2023, 08:52:22 AM
#45
      -  Maybe I can just say that it's good news when funds are returned to their users, not because I doubt it but because I'm a seeing-is-believing type of person. I will applaud Op when what he announced happens.

It's like I can't believe that one of those who built a good community in the crypto business and then, just because of a mistake, suddenly broke down due to an issue that didn't go well with their users on the platform.
hero member
Activity: 2716
Merit: 698
Dimon69
November 17, 2023, 08:49:30 AM
#44

Quote
Some people have speculated that employees fired the owners?

This is not the case. There were more than one owner of Betnomi (partners). We will not be releasing the names or any other information related to the partners at this point because it is unnecessary and there are potential legal consequences for doing so.

Finally, I would like to address one critical assertion. The claim that Betnomi is a scam is absurd. We spent millions of dollars and years of hard work to build the entire platform and infrastructure to support it. This is not a simple white-label operation. The sum of all users' balances left on the platform is less than our monthly expenses as a company.

Everyone with a significant balance, that is, an amount greater than $5,000 USD, has already made a complaint in the forum, and there are only about four or five of those. This is because we processed all pending withdrawals before taking the site into maintenance mode.

It is easy to make claims without knowing the facts, much less analyzing them. I simply ask that you do the math next time you have the urge to say "scam."

Not to mention, i am not operating anonymously from some hidden bunker on Mars. I have a public profile, which is an unusual choice for a casino operator, but I believe in transparency and chose to go this route.

Regards
Sorsis

You can't blame them for tagging you as scammer because you left your customer high and dry without any official for so many months while doing this kind of announcement will just only take few minutes or hour of your time to construct a reassuring announcement that you are not gonna run away. I knew that you spend a lot to build your reputation here since forum is the witness on all of your promotion launch here. The problem is the trust broken when you become silent while all this chaos happening in the background.

It's nice that you comeback again to clean the doubts. Hoping that you will find a way to continue your business venture here!
copper member
Activity: 740
Merit: 337
Bookmaker focused on cryptocurrency
November 17, 2023, 08:42:41 AM
#43
I'd like to address some of the questions that have been raised.

Quote
First, why did it take so long to make an announcement?

There were a few reasons for this. First, the situation unfolded very quickly and it was unclear what was going on and who was involved. We needed to understand the scale and scope of the issue before making any public statements.

Second, the issue has become a legal one, and it is important to not comment on such matters without understanding the potential legal exposure.

Third, there was no practical way to effectively communicate the message to users since we do not have database access. While we could have posted a message on the forum or social media, we didn't have all the facts, and any information we put out would have a high likelihood of being misleading or incorrect.

Quote
Who is going to refund the users?

I will be personally covering the refunds from my own funds. We are exploring other options at this point, but every single user will be completely refunded in full. We would not have made an announcement about the refund unless we were positive we could get it done. Fortunately, the total balance of users on the platform is relatively small, so this is entirely doable.

Quote
Some people have speculated that employees fired the owners?

This is not the case. There were more than one owner of Betnomi (partners). We will not be releasing the names or any other information related to the partners at this point because it is unnecessary and there are potential legal consequences for doing so.

Finally, I would like to address one critical assertion. The claim that Betnomi is a scam is absurd. We spent millions of dollars and years of hard work to build the entire platform and infrastructure to support it. This is not a simple white-label operation. The sum of all users' balances left on the platform is less than our monthly expenses as a company.

Everyone with a significant balance, that is, an amount greater than $5,000 USD, has already made a complaint in the forum, and there are only about four or five of those. This is because we processed all pending withdrawals before taking the site into maintenance mode.

It is easy to make claims without knowing the facts, much less analyzing them. I simply ask that you do the math next time you have the urge to say "scam."

Not to mention, i am not operating anonymously from some hidden bunker on Mars. I have a public profile, which is an unusual choice for a casino operator, but I believe in transparency and chose to go this route.

Regards
Sorsis
full member
Activity: 1638
Merit: 167
Buzz App - Spin wheel, farm rewards
November 17, 2023, 08:16:14 AM
#42
It's a good step that management has taken to return user funds who have entered the betnomi site, however betnomi has become one of the gambling sites of choice for gambling players here because it is not so strict about KYC rules, I hope that in the future betnomi management can be even better in running the business they built, it is not easy to build the reputation of a gambling site, it takes years but the damage only takes less than 1 hour. Good luck with betnomi management and new plans you guys.
hero member
Activity: 1120
Merit: 554
🇵🇭
November 17, 2023, 08:05:54 AM
#41
So what happened exactly? Some employees fired the owners? That would be first time I hear anything like that.
And said employee is now going to pay back the money the owner took?

Lol, yes.

The employees' conscience did not allow them to sleep anymore, knowing that former owners scammed people, thus they decided to pay the debts from their own pockets. And also to arrange somehow to take the company away from owners' hands.

Probably they are the one in-charge with the operation while their so called owners are those financing their operation. Probably they are looking for investors to fund the brand or they are using their own money to reimburse.

But we all know that there's no real hero in the crypto without a catch for their good action. Probably they have something hidden agenda here that's why they want to come clean.

legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
November 17, 2023, 08:04:44 AM
#40
So what happened exactly? Some employees fired the owners? That would be first time I hear anything like that.
And said employee is now going to pay back the money the owner took?

Lol, yes.

The employees' conscience did not allow them to sleep anymore, knowing that former owners scammed people, thus they decided to pay the debts from their own pockets. And also to arrange somehow to take the company away from owners' hands.

A very amusing situation.
The owners stole the intellectual property, i.e. the casino script. probably stole from themselves, to sell to someone else who will falsely present themselves as Betnomi.

sr. member
Activity: 728
Merit: 421
November 17, 2023, 08:03:58 AM
#39
It is good you came back to tender unreserved apologies. I think the timing is far too late when it was expected to have taken effect. Your casino made away with members funds and assets under your custody for a long time before now and this is the time you are coming to admit that such happened after all these while. It is a sad state though but the effect of the outcome is what you can not tell but anyways, you have done well and I. Looking forward to seeing you make the disbursement as you have noted.
legendary
Activity: 1680
Merit: 6524
Fully-fledged Merit Cycler|Spambuster'23|Pie Baker
November 17, 2023, 07:55:34 AM
#38
So what happened exactly? Some employees fired the owners? That would be first time I hear anything like that.
And said employee is now going to pay back the money the owner took?

Lol, yes.

The employees' conscience did not allow them to sleep anymore, knowing that former owners scammed people, thus they decided to pay the debts from their own pockets. And also to arrange somehow to take the company away from owners' hands.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
November 17, 2023, 07:31:12 AM
#37
So what happened exactly? Some employees fired the owners? That would be first time I hear anything like that.
And said employee is now going to pay back the money the owner took?
hero member
Activity: 938
Merit: 605
Leading Crypto Sports Betting & Casino Platform
November 17, 2023, 07:21:04 AM
#36

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

Thank you for your understanding.
commendable for you guys to bring all of this information to the public domain to clarify certain misgiving, moat importantly the decision to reimburse users of their fund is very nice a thing to do as it's a way to regain a small size of your reputation within the community.

We hope you guys meet to your promise of refund as announced as am wanting to ask how you guys going to foot all that money for the refund and long it's going to take.
legendary
Activity: 3094
Merit: 1127
November 17, 2023, 06:58:42 AM
#35
So, to summarize: You took players' money, went quiet for 4 months, blame someone else say you're going to pay back the money you took.
Question: where is the refund money supposed to come from?
Question: why announce after 4 months that you're going to announce something in a few days? Couldn't you wait a few more days and just announce it without pre-announcing whatever it is you'll come up with?

This is what i do have in mind or have questions because if we do tend to think deep through then;

1. They wont really be taking too long for them to announce that there's someone who stole or whatsoever that correlated to it.
On the time that they have seen on whats the culprit or problem is then they would immediately be telling the public on what happened.
It wont really be that something believable if it would be taking 4 months before they do make out such announcement basing up on what they had find out.
Totally suspicious.

2. Refund money might get from their own pockets? Sounds impossible! Unless if they would give small parts in overall balance
but thats a bad news.

3. Agree, why they need to make some announcement which arent totally announcement at all yet it would be coming on next few days. lol
legendary
Activity: 1680
Merit: 6524
Fully-fledged Merit Cycler|Spambuster'23|Pie Baker
November 17, 2023, 06:57:25 AM
#34
So, to summarize: You took players' money, went quiet for 4 months, blame someone else say you're going to pay back the money you took.
Question: where is the refund money supposed to come from?
Question: why announce after 4 months that you're going to announce something in a few days? Couldn't you wait a few more days and just announce it without pre-announcing whatever it is you'll come up with?

What baffles me more is this part:

it became clear that continuing to work with the existing owners was no longer viable, and we terminated the partnership.

So what happened exactly? Some employees fired the owners? That would be first time I hear anything like that.

Thank you for your understanding.

And this message is signed by who? By some employees which managed somehow to fire the owners of a business?
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
November 17, 2023, 06:56:39 AM
#33

Question: why announce after 4 months that you're going to announce something in a few days? Couldn't you wait a few more days and just announce it without pre-announcing whatever it is you'll come up with?


That is exactly my point. I think there was no need for the supposed rush to make the announcement when they have kept mute for how many months long yet coming to make promise whose fulfilment might take another frustrated customer to open up a reminder thread here quoting this same thread in wait for the payment.

I think it would have been better to wait a little more and then coming out with this apology thread alongside immediate refund plan. Don't just keep your reputation dragging all the way because it is not easy getting it back.
hero member
Activity: 854
Merit: 663
November 17, 2023, 06:42:26 AM
#32
I'm not sure if the refund will be successful because if you stop using the "Betnomi" brand, it means you have a choice to run away since whether you've refund or not, the result is same. Of course it just my own assumption.

Therefore, we have decided to permanently cease operations and stop using the Betnomi brand in our best interests.

The victims could take a legal action and this forum also store every users IP address, but I haven't yet see any result of successful investigation.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
November 17, 2023, 06:30:14 AM
#31
So, to summarize: You took players' money, went quiet for 4 months, blame someone else and say you're going to pay back the money you took.
Question: where is the refund money supposed to come from?
Question: why announce after 4 months that you're going to announce something in a few days? Couldn't you wait a few more days and just announce it without pre-announcing whatever it is you'll come up with?

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.
(full quote added as reference)
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
November 17, 2023, 06:05:19 AM
#30
Dear users and friends,

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

Alright. If this is the first step in clarifying the events related to Betnomi, it is acceptable. However, it is certainly not enough. Even if you return the money to all affected users, you have to give a lot more explanation here.
For example, who are you who introduced yourself and still stands behind the Betnomi brand? It is a bit unclear, considering that you state that work under the previous owners was not possible.
You need to name the people who misused the Betnomi intellectual property, database, the information, as well as the name of the new casino that is (or is yet to be), launched. You have an obligation to your users to provide such information. In fact, not only towards them but towards everyone, because it is a potential new scam scheme.
Why did you wait so long?
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