BC.GAME denies misconduct allegations and bankruptcy claims
Crypto-centric brand reassures stakeholders and issues defence statement after reports emerge the platform has been declared bankrupt in Curaçao
BC.GAME has strongly denied any allegations of wrongdoing after its parent companies BlockDance BV and Small House BV were reportedly declared bankrupt.
The crypto-first operator has been involved in ongoing legal disputes in Curaçao brought about by several BC.GAME players who claimed system errors on the platform led to significant losses.
Several players were represented by the advocacy group Foundation for the Advocation of Victims of Online Gambling (SBGOK), with other claimants coming from Turkey, Indonesia, Costa Rica and Austria.
SBGOK was first founded in March 2019 by Dutch journalist Nardy Cramm, with the aim of filing fraud claims against Curaçao-based operators on behalf of players.
The plaintiffs argued that Small House BV failed to honour its obligations to players, on the grounds the company withdrew money from various player accounts totalling over $2.1m.
The company counterclaimed the money in question had either been settled or was owed to BC.GAME due to exploitation of bonuses or loopholes in its software.
BC.GAME has strongly denied the allegations brought about by the plaintiffs, suggesting their claims “lack substantial evidence and fail to demonstrate any violations by the platform”.
The crypto operator also revealed it had carried out its own internal investigations that uncovered several inconsistencies in the players’ cases which are “failing to hold up under legal and technical scrutiny, relying mainly on unverified statements”.
A statement from BC.GAME read: “We strongly disagree with the court’s recent rulings and will vigorously appeal the decision, as we believe it failed to adequately consider key facts.
“BC.GAME is confident in our ability to demonstrate compliance and uphold our reputation as a legitimate operator in the industry.
“We are evaluating the most robust options to safeguard the company’s continued operations and maintain strict compliance with industry standards. Our users’ trust and satisfaction are our top priorities.”
The Joint Court of Justice of Aruba, Curaçao, Sint Maarten and Bonaire, Sint Eustatius and Saba (BES islands) declared Small House BV bankrupt earlier this month.
Small House BV first took over BC.GAME’s operations from BlockDance BV in April 2024.
The operator claimed that any liabilities for BC.GAME should be tied to BlockDance, as the acquisition only covered assets such as its website and marketing.
However, the defendants were able to prove liability on Small House’s part by referencing website registration inconsistencies and public representations of Small House as BC.Game’s operator.
The Netherlands Gambling Authority handed BlockDance a weekly penalty for operating BC.Game in the market in October, despite Small House now serving as the parent company.
Back in July, BC.GAME signed a multi-year front-of-shirt sponsorship deal with Premier League football club Leicester City, with the agreement cited as one of the most valuable in the club’s history.
Leicester City issued its own statement in reference to the legal proceedings against its principal sponsor, confirming the club had received assurances from BC.GAME regarding its financial position.
The statement read: “We have been and continue to be in regular discussions with BC.Game with regard to an active legal case in Curaçao.
“BC.Game have provided the club with the strongest assurances that they are actively appealing this case, and that the process which has been initiated in Curaçao is administrative in nature and has not arisen due to any concerns with their financial standing.
“BC.Game have further assured us that they have no issues with liquidity and that they remain fully committed to meeting their ongoing contractual and financial obligations, including to the club, and that this case will not impact on BC.Game’s continuing international operations.”