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Topic: [SCAM][Resolved] BetOpen not processing withdrawal of 0.93 Bitcoin (Settled) (Read 2212 times)

newbie
Activity: 43
Merit: 0
hi
Today I received my money, I am very happy!
I receive the all balance of 2,200 BTC
legendary
Activity: 2772
Merit: 3284
As Darkstar suggested, i think that signing a message that is holding at least say, 50BTC of user funds is necessary. Otherwise they are essentially running a ponzi scheme, aka your depsoit is paying others withdrawals.

I don't think 50 BTC is nearly enough, since they have pretty high limits. Exposing a large percentage of your bankroll per single bet at max stake is a horrible idea. I'm pretty sure they allow 1 BTC bets @ 4, so I'd expect them to have at least 200 BTC.

I'm still waiting for my money 1.800 BTC
Please wait till after ICO and try again.  I don't think they have it.

Bad idea. If this was a scam, then after the ICO the scammers have their money and have no incentive to pay back anyone. @sedna, open a scam accusation just like OP has done, so you can get your money back (hopefully).

I think he meant it kinda like a a joke, since he said that he doesn't think they have the BTC to pay him. Given their dumb excuses for not paying earlier, that is most likely true.
newbie
Activity: 21
Merit: 0
I was seriously considering investing in the ICO but wanted to do a little checking up before pulling the trigger. I too saw the paid ICO news post and it sounded really good, on paper. Hearing that people are having no issue depositing and betting but can't get their money out without delays and public posts has turned me away for sure. It may not be a scam, but could simply be gross incompetence. Neither is a good sign for investing.
hero member
Activity: 1666
Merit: 753
Thankfully you were paid back.

I wouldn't recommend anyone else to use BetOpen still because it has been demonstrated that they basically neglected this case until their ICO is around. If there was no ICO they probably wouldn't have paid anything back.

As Darkstar suggested, i think that signing a message that is holding at least say, 50BTC of user funds is necessary. Otherwise they are essentially running a ponzi scheme, aka your depsoit is paying others withdrawals.

I'm still waiting for my money 1.800 BTC
Please wait till after ICO and try again.  I don't think they have it.

Bad idea. If this was a scam, then after the ICO the scammers have their money and have no incentive to pay back anyone. @sedna, open a scam accusation just like OP has done, so you can get your money back (hopefully).
full member
Activity: 154
Merit: 100
I'm still waiting for my money 1.800 BTC
Please wait till after ICO and try again.  I don't think they have it.
newbie
Activity: 43
Merit: 0
I'm still waiting for my money 1.800 BTC
legendary
Activity: 2772
Merit: 3284
Mine is still pending...

Your withdrawal have been processed:
https://blockchain.info/tx/536c03810fd32fede9c876ce79f7d7753433e6972f96705d5380d66a82b04de2

As an apology for the delays we would like to offer you 50% BETOP token bonus

Thank you. I will remove the red trust as I said in my PM and settle this topic.

As I said in the PM I hope you will process my other withdrawal quickly or I will have to open another scam topic and have add the red trust again.

Nice to see that you finally got paid, but it's very disappointing that BetOpen needs 20 days to process a somewhat small withdraw. This case seems like a similar one to fun-casino, which ran on a fractional reserve and needed to wait for other deposits to pay out a big winner. My guess is that BetOpen needed to wait for ICO investors and people to lose BTC, so they could pay you.

BetOpen should definitely sign a message from their cold storage address (or any address) with a large number of coins to show that they are solvent, and have the funds to payout winners as I'm sure many people would avoid them because of the accusation. 
M0w
full member
Activity: 186
Merit: 100
My second withdrawal is now also processed  (requested yesterday).

Thank you BetOpen and good luck in the future.
M0w
full member
Activity: 186
Merit: 100
Mine is still pending...

Your withdrawal have been processed:
https://blockchain.info/tx/536c03810fd32fede9c876ce79f7d7753433e6972f96705d5380d66a82b04de2

As an apology for the delays we would like to offer you 50% BETOP token bonus

Thank you. I will remove the red trust as I said in my PM and settle this topic.

As I said in the PM I hope you will process my other withdrawal quickly or I will have to open another scam topic and have add the red trust again.
newbie
Activity: 31
Merit: 0
Mine is still pending...

Your withdrawal have been processed:
https://blockchain.info/tx/536c03810fd32fede9c876ce79f7d7753433e6972f96705d5380d66a82b04de2

As an apology for the delays we would like to offer you 50% BETOP token bonus
So is your decision to cancel my won bet due to a mistake in your system which didn't even exist still holding? Good publicity  Cool
hero member
Activity: 1344
Merit: 507
Is it too difficult to take a look at the Online Gambling Scams!?

They pay 35% affiliate commission for lost bets, while their house edge is how much?  Roll Eyes
newbie
Activity: 43
Merit: 0
HI
I'm also waiting for my money 1.800 BTC by 15 days.
sr. member
Activity: 434
Merit: 250
* BetOpen.co *
Mine is still pending...

Your withdrawal have been processed:
https://blockchain.info/tx/536c03810fd32fede9c876ce79f7d7753433e6972f96705d5380d66a82b04de2

As an apology for the delays we would like to offer you 50% BETOP token bonus
sr. member
Activity: 434
Merit: 250
* BetOpen.co *
full member
Activity: 154
Merit: 100
BetOpen is a confirmed scam now, there is no legit casino that is will waste so much time(almost a month now, in fact) of the players, just to get a withdrawal that they deserved in the first place.

Still no word and yet they are starting their ICO today...

Unfortanetly I think you got scammed.

First of all their campaign manager has not been online for 2 weeks now. And nobody has any interest in their project anymore, it's basically a dead project, and the community manager obviously is "dead" as well.

Secondly, greenenergy after doing some research is a farmed account. Go to this post: https://bitcointalksearch.org/topic/m.16575115. It is very likely that Betopen bought this account to promote their company and be more legit.

I really do hope that i'm wrong about this. But things just don't add up here.

This is an interesting piece of evidence that Betopen is indeed a scammer. If they are a legit company, why would they need to have a farmed account to do the promoting for them? As you said they probably bought this account in the hopes of making them look more legit.

Shouldn't DT members tag them already since no responses have even been heard from them? Greenenergy(the "official promoter") has not been on since 4th June either.
The saddest part about this entire thing is that he's owed less than 1 BTC.  If a 'company' cannot pay that then...probably some kid in his mom's basement trying to ripoff others.
hero member
Activity: 1666
Merit: 753
BetOpen is a confirmed scam now, there is no legit casino that is will waste so much time(almost a month now, in fact) of the players, just to get a withdrawal that they deserved in the first place.

Still no word and yet they are starting their ICO today...

Unfortanetly I think you got scammed.

First of all their campaign manager has not been online for 2 weeks now. And nobody has any interest in their project anymore, it's basically a dead project, and the community manager obviously is "dead" as well.

Secondly, greenenergy after doing some research is a farmed account. Go to this post: https://bitcointalksearch.org/topic/m.16575115. It is very likely that Betopen bought this account to promote their company and be more legit.

I really do hope that i'm wrong about this. But things just don't add up here.

This is an interesting piece of evidence that Betopen is indeed a scammer. If they are a legit company, why would they need to have a farmed account to do the promoting for them? As you said they probably bought this account in the hopes of making them look more legit.

Shouldn't DT members tag them already since no responses have even been heard from them? Greenenergy(the "official promoter") has not been on since 4th June either.
sr. member
Activity: 532
Merit: 250
Lucky you. I guess they don't have any more bitcoins in their account ..

Most probably. Or that they are just not bothered to pay you. Either way I think that there is very little chance that will will get paid back, unfortunately.

Their excuse of being very busy with their Ico and thus not being able to pay you back was just a strategy to gain more time until their ICO launches and they can get a nice chunk of coin and most probably, run away with both your and investor coins.

Seems like indeed they have paid CCN to do an article on them. So they probably do have coin but isn't willing to pay back people with it. I'm sorry that you had to go through this OP.
M0w
full member
Activity: 186
Merit: 100
Lucky you. I guess they don't have any more bitcoins in their account ..
newbie
Activity: 31
Merit: 0
How much was your withdrawal? Mine is still pending...

0.11961000 BTC.
M0w
full member
Activity: 186
Merit: 100
How much was your withdrawal? Mine is still pending...
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