Warning: Playbetr.com and Betcoin.ag Scam Alert – A user's Experience of $20,000 Loss

[RealJ]

Establishing their account on betcoin.ag in March 2022, they initially deposited $1000 and engaged in sporadic sports betting over the past year, particularly on football and basketball. Later discovering playbetr.com, a sibling platform offering higher limits, they transitioned their activity to playbetr.com by the end of December 2022, making a significant deposit of $4k, with subsequent deposits totaling approximately $7000-8000 across both platforms, all in BTC. Despite initial losses, their fortunes changed with successful NBA wagers on both sites, prompting withdrawal attempts. However, their accounts were inexplicably restricted to sub-$10 stakes on NBA, triggering a KYC request. Upon complying with full verification, including ID and address proof uploads, their accounts were summarily terminated on both platforms without explanation. Despite repeated attempts at communication via email and live chat, they've been met with silence for over a month, amplifying suspicions of a scam. Allegations of fraudulent activity remain unsubstantiated, leaving them without recourse for the 0.85 BTC, equivalent to almost $20k. Demanding accountability, they've explored legal avenues and remain resolute in seeking resolution from betcoin.ag and playbetr.com.