THE BETCOIN.AG SCAM
Betcoin.ag is a scam operation that deliberately steals money from players who accumulate large winnings. This documented case reveals how Betcoin.ag stole $20,263 in legitimate winnings by exploiting their terms of service after knowingly allowing a player to win large amounts. This is not an isolated incident - Betcoin.ag has stolen over $5 million from poker players in previous documented scams.
THE SETUP
An American living in Poland made a Betcoin account in 2021, using a VPN as Polish ISPs block the site. Betcoin support not only accepted but encouraged VPN usage, explicitly telling players it was permitted. The player returned to the US temporarily to renew documents, during which time he made two USDT deposits of $10,000 each. After losing the first deposit, he turned his second $10,000 into $40,263 betting almost exclusively on MLB moneylines. The entire time, Betcoin was fully aware of his location and VPN usage - they had even confirmed it was acceptable in writing.
THE SCAM
After successfully winning and requesting a $10,000 withdrawal followed by a $12,000 withdrawal, Betcoin suddenly claimed he violated TOS by playing from the USA. They sent a KYC link requiring documentation, and when the player submitted his Polish residency card and bank statement, Betcoin asked for his location and then claimed he violated their terms. They stated they would only return his $20,000 in deposits, not his $20,263 in winnings won fair and square. This was clearly an excuse to steal his winnings.
THE THEFT
Betcoin manually adjusted the player's balance from $40,263 down to $20,000, stealing $20,263 in legitimate winnings. The manager David was made fully aware from day 1 that the player is American living in Poland and continued to acknowledge play even after returning to the US. It only became an issue when the player started winning big. This shows Betcoin.ag is a scam operation that only cares about their rules when it benefits them financially.
BETCOIN'S LIES
AUGUST 18, 2025:
AUGUST 18, 2025:
All complete lies. Balance was manually adjusted from $40k to $20k. No refunds were ever issued. Betcoin.ag claimed they did this as a "favor" but it was pure theft of $20,263.
THE FACTS
- Deposit 1: $10,000 (Lost)
- Deposit 2: $10,000 (Turned into $40,263)
- Total Deposits: $20,000
- Total Balance: $40,263
- Stolen by Betcoin: $20,263
- Betcoin Paid: $0
- Manipulated Balance: $40,263 → $20,000
- Your Winnings: Taken
- Your Deposits: Eventually returned only after theft
- Total Theft: $20,263 in legitimate winnings
- Timeline: Allowed VPN use, then stole when player won
- Pattern: Same tactic used to steal $5M+ from poker players
This documented evidence proves Betcoin.ag is a scam operation. View full documentation here.