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#1 Posted : Friday, June 07, 2024 5:22:36 PM(UTC)

Joined: 5/24/2024(UTC)
Posts: 3
In December 2022, a user registered an account with and started placing bets primarily on major European football leagues. Over the next six months, their betting limits were repeatedly increased due to their high volume of activity. Initially, they faced losses for the first four months, but in May 2023, they experienced a lucky streak that increased their balance to $250,000. When they attempted to withdraw a significant portion of this balance, Kineko informed them on June 23, 2023, that their data provider was not processing payments as promised and that they were involved in litigation with the provider, which could take 4-6 weeks to resolve.

In response, the user argued that Kineko was responsible for their balance, not the third-party provider, and suggested a payment plan. Kineko agreed to process $10,000 worth of withdrawals weekly starting July 15, 2023, but adhered to this plan for only two weeks before missing payments. They then promised to process $20,000 on August 9, 2023, which also never happened. After continuous delays, Kineko proposed a new plan on September 14, 2023, citing issues with their sports data provider and the need for a settlement, given that the user had already withdrawn over $100,000.

The user reiterated their demands, emphasizing the need for a comprehensive update, an explanation for the delays, a clear timeline for payments, and assurance that their balance was secure. On October 3, 2023, Kineko proposed a new payment plan to pay $10,000 worth of withdrawals on the 15th of each month, which the user accepted. Although they received the first payment on November 22, 2023, Kineko failed to make the subsequent payments and became non-responsive, with the last communication from them on January 18, 2024, where they apologized for the delay but did not follow up.

This situation, including Kineko's involvement in an NFT project, underscores their unreliability. Despite the user's patience over the past year, Kineko has breached multiple payment plans, proving that their promises are empty. The user strongly urges others to avoid using Kineko's website, token, or NFT project until this dispute is resolved. The total amount scammed includes 181,042 USDC, 42,026 USDT, 3.377 Ethereum, 0.3164 Bitcoin, and 2.59 SOL. Proof of these transactions and further details can be found in the provided links. Kineko needs to release the user's funds immediately.

Despite their efforts to engage in constructive dialogue and offer reasonable solutions, Kineko's responses remained inconsistent and unreliable. The repeated delays and broken promises highlighted a concerning pattern of behavior that further eroded trust. The user's experience serves as a cautionary tale for others who might consider engaging with Kineko, as the company's inability to honor its commitments poses a significant risk.

The user had hoped that publicizing their experience would prompt Kineko to act responsibly and rectify the situation. However, the lack of meaningful response from Kineko only added to their frustration. This experience has not only been financially damaging but also emotionally taxing, as the user has had to constantly chase after their rightful earnings.

Given the substantial amount involved and the prolonged nature of the dispute, the user feels compelled to warn others. The promise of switching to a new data provider and improving services in the future does little to compensate for the ongoing breach of trust and financial harm inflicted. Until Kineko fulfills its obligations and demonstrates a genuine commitment to resolving this issue, their credibility remains in serious doubt.

Ultimately, the user calls for immediate action from Kineko. They demand the release of their funds without further delay and urge the company to address the systemic issues that have led to this debacle. This case stands as a stark reminder of the importance of accountability and transparency in the online betting industry. Other users should be aware of these risks and exercise caution when dealing with Kineko until there is clear evidence of change and resolution.

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