Wait a minute, this post has been up on the ED site since yesterday and no one has mentioned it yet (that I can see)
9 June 2014
To all players and investors, my deepest apology for this delayed updates. I'll try my best to share what happened so far:
The site was bought in the early days by an investor. As an operator, I got my share from 0.1% wagered amount for maintaining the site and development updates. I have no other option in the beginning since I don't have enough coin to be put as bankroll to the site. I believe it is fair for other people as well because I wasn't an active forum member.
I hold the code and hot wallet, and the investor hold the cold wallet. It is also fair since he already bought the site and I was paid for development and maintenance. This is why we got high investment jumps in the beginning, and you can also see some fractional amount of transfer from hot wallet and cold wallet, and sometime the hot wallet also became so big, because it was said that it is very difficult for him to transfer from the cold wallet to hot wallet, so to keep the withdrawal instant we tried to keep relatively big amount in hot wallet.
The site grows fast, I kept updating and adding new features to the site. Everything seems good and I keep in contact with the investor. When there's a mistake on the site and we loss coin, he also willing to cover the loss when the site got hacked in the beginning, this kept the site running well.
However, when our site suffered great loss few days ago, it is inevitable for us to transfer the coin from cold wallet to hot wallet. The hot wallet quickly drained because I already sent 50 BTC to 1dice1, and most of other investors quickly withdraw their balance. Most of the remaining bankroll is from a single major investor, this is also the reason why the bankroll still relatively big even when the site suffers huge losses and 1DiCe1 didn't invest.
This is the time when I start to investigate the issue of bets' validity. However, site seed leak is not easy to detect. This is also the time when I have difficulty to contact the major investor and also got accused from cheating as 1DiCe1. And yes, it is easy for him to get away with the coin as my relation with him is from the forum only and he is also as anonymous as me.
For some people that still in doubt of this, best I can offer is for you to believe that I didn't have a strong incentive to run away: I got revenue from wagered amount either when the site is winning or losing, even days after 1DiCe1 case bankroll is still big (even without 1DiCe1 investment), as you can see ED got more attention compared to other new dice site and the potential revenue is higher than current bankroll if we can reach at least at least top 5 of dice sites, the news will also get viral and help ED to get more exposures.
Until today, I'm still trying to contact the major investor personally but with no luck. I feel devastated and start to feel betrayed. However, this is not the first time I have difficulty in contacting him and I still have faith that he is actually a good person. I'm sincerely sorry for all this confusion, I wrote this with good intention and hopefully people who know me and my past actions would try to trust and understand the situation. My current priority is still to find the fairest solution for this matter.
I do not understand why he gave any of the BTC to a major investor, or who the investor is? I'm glad that ED have came out to try and clarify matters though, even if it isn't good news, at least it's something and they haven't disappeared completely.
ED is still trying to recover the money which gives me at least a tiny bit of confidence.
(edit) I stupidly invested 21 BTC, after 1DiCe1 and 4747 pillaged the bankroll - I was left with 6 BTC. Still a hell of a lot of money for me though, even though I've already lost the majority.