I was divided all the time whether this site is legit or not, since their thread was very chaotic to say the least. You had all these not-so-old accounts complaining about scam, but then again I thought Malubit account had some points too (and some proofs) and defended themselves in acceptable and mostly calm fashion. I don't think this was designed as a scam, but looks like in ended in one. They probably ran out of money due to people exploiting them, who knows.
I think they were selectively scamming from the get go because they probably couldn't afford consecutive big wins, but some of the complainants too were probably abusing the platform, but I had a huge hunch that their supposedly last bonus promotion was definitely an exit scam scheme. I guess it's a case of highly inexperienced individuals trying to run a gambling platform.