Magic Dice Exit Scam Confirmed! Nearly $250,000 CAD Worth of Crypto Stolen by STEEM User @zombee...
Holy fucking shit.. Seems magic dice "developer" and owner @zombee has run off with a small fortune from the bankroll of his shitty casino.. I was tipped off that this was happening by STEEM witness @themarkymark by reading an excerpt from one of his recent posts.. I'll share the quote below For everyone to see..
"It's still early to tell, but it sure looks like he packed up and ran. As far as I can see, it looks like they made off with 531,584.860 Steem and 3295.2160 SBD."
-@themarkymark in his post Magic Dice Exit Scam
I did a bit of math and my jaw dropped when it was realized that the piece of shit known as @zombee has run off with neaerly a quarter of a million dollars Canadian. Not a small sum of money by any stretch..
( a screencap from blocktrades.us showing a rough estimate of STEEM to BTC worth )
( a screencap from google showing a rough estimate of BTC to CAD worth )
Shame on @zombee for running off with other peoples funds. It seems he's moved the funds to Binance.. Hopefully he's done the KYC stuff on that site so we as a community can have him investigated and brought to justice.. Absolutely fucking ridiculious. Always figured something was up as magic dice was using a high house edge and luring players in with shitty hype tokens and dividends.. Not a legit business plan by any means and the hindsight is 20/20 that it was all a ruse to gain access to peoples funds and then pull an exit scam like what has been done.
Stay away from sites with high house edges that lure users in with hype tokens and promises of dividends for gambling... Right from the start the gut instinct was that magic dice was trash and this 100% confirms it.. The site was a clone from an open source script available that was modified to spit out crappy magic tokens..
Fuck You @zombee, Piece of Shit!
On a lighter note.. Steem-roller.com is open to gamblers and investors as a replacement to the bullshit magic dice site. I promise my users I'd never run off with your funds like the fucking dickhead known as @zombee.. Not only is that horribly bad business but also will likely attract the attention of law officials.
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Shit fuckery at it worst.
Enough dramas going on without scammers doing this.
Very uncool.
Yep. Fuckin' ridiculous.
I didn't even lose any STEEM in this horse shit but I'm pissed about it. <_<
If things continue like this @whatsup will go bankrupt issuing drama.
!dramatoken
Lmao.. It may be a possibility. XD
You've got
DRAMA!To view or trade
DRAMAgo to steem-engine.com.Incoming drama tokens I'm sure!
Posted using Partiko Android
Fuck.. No need to run a smear campaign on competing services when the dickheads pull shit like this.. JFC..
The easiest marketing campaign you'll ever run is your competitors doing stupid things.
Posted using Partiko Android
!dramatoken
MMM delicious drama token. Thanks lovely.
I am amazed they didn’t just Blocktrades the Steem into Monero... Sending it into a custodial Exchange is one of the dumbest things they could have done. Clearly the guy is an idiot 🤣🤣🤣
I mean... Yeah, if you're gonna be a shady fuck you could of at least done it "correctly" right? Amateur hour!
lol I hope they do it all in one big market-sell so we can buy cheap and they sell for a terrible price!
What I don't understand is this: Why, when these people scam everyone, can't they send us all like a care package full of bacon? What's so fucking hard about sending bacon?
Right? Could at least give us delicious bacon lube if they are going to fuck us.
With all that money and all those wild fires in Alberta, dude could tie tons of bacon to his private jet, fly through all that smoke, and give the bacon an awesome flavour... but NO. No fucking smoked bacon nothing. Goddammit! This pisses me off!
I heard alberta was on fire.. Damn shame.. It's a pretty province.
I'm predicting a prairie fire one of these days. One big gust of wind and there goes Saskatchewan. I got my bacon ready.
This is what I am talking about. There should be some type of accountability on these programs launching on the steem blockchain and using the steem blockchain. You shouldn't be able to just run off with thousands of dollars and have no consequences at all otherwise its just going to keep happening, get worse and leave steem at $0.00 value as these scumbags continue to use steem and then dump us. This is the 3rd program so far this year that I know of I am sure there are others that have taken delegations and steem and then just left.
100% agree with you that it sucks the community is getting screwed over by dickheads coming in, setting up shop, making a bit of money and trust, then buggering off with their loot at the expense of others.
What's even worse is when scammy bastards like this get well supported byt the community over honest developers. Kind of sucks.
Agreed it's hard to tell the difference on here honestly. Might be a demand for a site or system that tracks who is who when these sites launch. But at the end of the day any of these sites can just shut down without warning including steemit.
True enough.. This makes me think that having an emergency withdrawal account option on my own site just in case I ever needed to shut it down to make sure that everyone gets their money back.. Redundancy is a good policy, but I think in the magic dice exit scam was pre-meditated. :/
Oh for sure pre-meditated, planned it all along.
All that is necessary to preclude such scams is enabling multisig that requires consent of investors to move funds. Investing is not a new business model. Mechanisms of securing funds, collateralizing, and etc. have been developed over thousands of years that are SOP for investors.
Why anyone would consider investing in any project that didn't secure their funds is not understandable to me. I remember @broncnutz going crazy when @drugwars changed it's business model and the returns he spent untold Steem to gain became unavailable. This was a new game that had changed it's business model and gameplay features often in the prior weeks, and some folks spent thousands to take advantage of loopholes and returns potentiating massive profiteering that were obviously unsustainable. He actually paid people to play the game with his funds to profit from the returns initially available in DrugWars. He considered playing the game an investment.
It is events like this that so clearly reveal the naivete of Steemers with no prior investing experience that claim to be investors in Steem. By their definition of investing Bernie Madoff was an investor. After all, he profited. It is likely that devs and companies enabling such misunderstandings by not precluding them with nominal code have undertaken tortuous liability by potentiating such advantage being taken of naive stakeholders. It'll be interesting to see how regulatory process proceeds in time. IANAL, so don't rely on my speculations on the matter.
Don't think so. If there is a mechanism permitting delegates to sell their delegations, pretty sure that would be the end of delegation.
It's just that blockchains aren't arising on a new planet where no legal actions have ever been taken. The fact that there's a new layer of process for actions to be taken in doesn't negate the fact that these actions are being taken, and that methods of protecting assets have existed for thousands of years. As we see, there are good reasons for prudence, and prudence applies to blockchains just like it does to anything else. So does tortuous liability.
What scumbags, I agree with you klye these tokens are practically worthless and definetely not worth betting against a 2% expected loss
Posted using Partiko Android
Yep.. Sadly most gamblers aren't ones to believe in mathematics and honestly believe the shit is +EV..
No casino is going to be +EV... And if it is, it won't operate that long.
Reading this made me sad. I didn't play much magicdice as I was always suspicious because of a lack of a face behind it. Also I got in too late for the real high value tokens. I wonder if that fellow who is unrelated but made up 70% of the volume is the same guy running it? In that case he got around 70k which is still a ton of money. Hopefully he is from somewhere that authorities deal unkindly with this kind of behavior.
I don't have any drama tokens for you, but i have better.
!BEER
Posted using Partiko Android
Thanks for the reply and the beer!
The hype token mining shit for dividends never sat well with me.. Perhaps call me bias as my casino offering is pretty straight up with dividends paid to those investing STEEM and no steem-engine tokens involved at all.
It seems that one or more individuals may have been in cohorts with @zombee but I'm not entirely sure.. Either way it's a damn shame the idiot decided to exit scam.. Bad for business, bad for the community.
I guess in a sense it's good for my business.. Nothing like bad press from "competitors" to make your service look better. All and all I view it as a loss for the community though.. :/
You've got DRAMA. You are going to be a Whale!
To view or trade
DRAMAgo to steem-engine.com.