By this time of the Day, I guess everyone now knows that @magicdice has Exit Scammed. Yesterday I found out a number of posts about the Magic Dice Exit Scam but I was waiting a Day before I could make my thoughts about that. First things first, the Magic Dice Website has completely vanished and is not connecting at all. I tried using VPN's to check if it was down for India but nope it is down for all.
Now there are a few things that are just not feeling right with me. Magic Dice was making a lot of Money with 60% of their Profits taken by themselves and the rest 40% was divided among the Token Holders. Plus not a lot of people were complaining about the Low Dividends so why did they suddenly decide that it was Time to Bail Out. They could have earned a lot of STEEM just by continuing the Service they were providing. I would say this was kind of a Dumb move by whoever was running Magic Dice.
With all that being said I have also heard some rumors that Magic Dice may have been taking more than 60% of the Profits and some people might have caught up to it. I don't know if this is True but this could be a Legit Reason for their Bailout. I guess they got Greedy and were not happy with the thousands of Dollars they were making per Day. Finally, I really feel sorry for all those people who lost a lot of Money in Magic Dice. I really hope there is a way to get back at least something.