Crypto Casino Stake.com sued for $400 million - page 10.

swogerino

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Quote from: NAPK1NS_RA3 on September 02, 2022, 01:17:22 AM

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think litigation between ex partners are fairly normal in most of the cases.I would advise you to not do so because that is a ridiculous amount to Stake,they,Stake offered like 900m as a bonus last December only during the festive holidays of end of year and Christmas.

Beside that I am sure they will settle the matter just fine between the two parties,in the end nothing to worry here.I am keeping my funds and keep playing there because there is no reason to move elsewhere.

Vaskiy

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Quote from: Nrcewker on September 02, 2022, 04:41:14 AM

Quote from: NAPK1NS_RA3 on September 02, 2022, 01:17:22 AM

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

We should always judge by hearing the story from both the sides.
The founder who filed the case, might not have done the agreement properly for which at a later period of time he faced this issue.
If also he was not getting what we wanted, then how come he didn’t say any word for the past 6 years?
Nevertheless let’s see how Eddie and the rest responds to the case. As far as I know this won’t affect much to the player’s funds. But still let’s see what happens next.

Chris Freeman have 20% share on primedice and this have been lowered to 14% later. By the time Eddie and Tehrani have got 40% each. The agreement might've been made wrongly or else Chris Freeman might have waited for the right opportunity. As Stake evolved as the top cryptocurrency accepted casino of the world, he went for lawsuit. If not why should he wait for such a long time period. I believe Stake will come out of this at the earliest.

pakhitheboss

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$400 million in punitive damages will completely destroy Stake if they lose and in the meantime, many users will leave the casino fearing the outcome of this lawsuit. I guess the founders should resolve this issue out of court otherwise this lawsuit will also dent Stake's reputation. This lawsuit looks similar to the Zukerberg and Winklevoss issue wherein the latter one $65 million in the settlement.

Nrcewker

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Quote from: NAPK1NS_RA3 on September 02, 2022, 01:17:22 AM

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

We should always judge by hearing the story from both the sides.
The founder who filed the case, might not have done the agreement properly for which at a later period of time he faced this issue.
If also he was not getting what we wanted, then how come he didn’t say any word for the past 6 years?
Nevertheless let’s see how Eddie and the rest responds to the case. As far as I know this won’t affect much to the player’s funds. But still let’s see what happens next.

Docnaster

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Quote from: avikz on September 02, 2022, 02:00:08 AM

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This could be creating a panic. It is just a lawsuit that has not been decided. It is between partners, friends or Co founders. I would have supported the idea of moving your funds if the suit was against government. Stake has released a statement and with the statement we don't need to panic. Even if $400m suit is made, it doesn't mean stake will pay $400 is too high. It's likely they will resolve the issue out of court.

livingfree

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Upon reading, if you're a long time user of them, there's no need for you to worry. This is like an internal issue and the management has handled it.

The answer is there and stake has already given their answer for this sue that has been filed for them. So, as it says, there's the quote in the article that says:

Quote from: https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

Crypto casino Stake.com labels Freeman’s claims “inconsistent” and “misleading”

The founders of Stake.com were adamant about how Freeman’s claims were false. The firm even suggested that the lawsuit was desperate to spread incorrect information. The statement further read,

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”

The firm affirmed that it would stand its ground and not give in to Freeman’s demands. The founders of the Bitcoin casino were quite confident about the court dismissing Freeman’s claims shortly.

Yaunfitda

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Quote from: NAPK1NS_RA3 on September 02, 2022, 01:17:22 AM

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

It's gonna be interesting how things will turn out in this case. It seems that is is like "he said, she said" paradigm. Only the court and the evidences will tell who is lying and how is not and who is liable. But I doubt that the court is going to grant that $400 million. It might be even lower if he accuser will win this case.

How are you concern? if you are a investors, maybe, but for a player? as long as they can pay everything up front and for sure they have huge bankroll that can cover their players whether whales or small one.

Eternad

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Quote from: avikz on September 02, 2022, 02:00:08 AM

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Clearly the guy wants a settlement lower that amount because Stake will never pay him that huge amount just for the punitive damage. This lawsuit will cause a lot on both party and I’m sure that Stake know how to damage control on this kind of situation especially using there company bylaws to save them from this kind of charges.

I understand that Stake might be a high risk as this moment but the money he is asking is too good to be true. I think a settlement for a lower amount is appropriate on this kind of lawsuit that clearly just want to share a piece of cake on Stake success.

aioc

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Quote from: NAPK1NS_RA3 on September 02, 2022, 01:17:22 AM

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

If there's a court case, then the court will decide who will they favor and who is on the right side, it's good that he file a complaint instead of disseminating news that will harm the casino, it could go either way, the court could favor Chris Freeman or Ed Craven and Bijan Tehrani because Craven and Tehrani also insisted that Freeman's information false, and misleading.

This is their statement on the article

Quote

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”

,

Let's see who's telling the truth based on the documents they provided.

jostorres

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Quote from: Accardo on September 02, 2022, 01:48:31 AM

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

Not really weird. I've seen similar cases like this before. This happens because one is greedy and wants more share than the others but you are right that this can be avoided if only they came up with a proper agreement or contract.

It feels really bad to see your friend took most of the benefits (if not all) and that is why he came up with this because he can not take it anymore. His friend deserves this if I were to ask but I think freeman do also has his own fault on why he fully trusted his friend. Maybe some will distance their self on stake now after this issue sprung up, not only to support freeman but also because the said act is also shady. What if they are also manipulating the results? Because they are too greedy.

Darker45

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I hope the 3 former college schoolmates, friends, and business partners would reach an equitable settlement over the matter as this might seriously affect not just their personal relationships but also the business they're operating.

From a limited viewpoint, it seems the other two has indeed unfairly sidestepped Freeman. Not only was he not included in Stake, which was not just an idea he originally proposed but something he helped design himself, he was also kicked out from Primedice. But, for what?

Well, we'll see how this case unfolds. In the meantime, I'd rather be cautious in dealing with the two platforms as their operations might be affected in one way or another as they get embroiled in the case.

avikz

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$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Accardo

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Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

NAPK1NS_RA3

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https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

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