Scam Alert: How They Stole Over $250,000 from a Trusting Bettor"

They created an account with Kineko in December 2022 and began substantial betting on sports and major European football leagues. Over the next six months, their betting limits increased from $10,000 to $12,000, then to $18,000, and finally to $20,000. Despite losing for the first four months, they faced issues in May 2023 when they attempted to withdraw a large portion of their $250,000 balance after a successful betting streak. On June 23, 2023, Kineko's developers informed them of a 4-6 week payment delay due to ongoing litigation with their data provider. They were offered the option to open a second account for further betting and withdrawals, but could not withdraw from their main account until the litigation concluded. They stressed that Kineko should honor the withdrawals regardless of third-party issues and proposed a payment plan. On July 15, Kineko agreed to process $10,000 worth of withdrawals every week until the issue was resolved. However, this plan was only followed for two weeks before Kineko missed payments. Continuous excuses followed, and on September 14, 2023, Kineko management proposed reaching a settlement. Despite a new plan to process $10,000 worth of withdrawals every 15th of the month, subsequent payments were missed, and the last communication from Kineko was on January 18, 2024. They have waited for one year for their withdrawals, urging Kineko to release their funds immediately while warning others about potential scams.