SealsWithClubs, a Bitcoin casino, had been unavailable for more than a week "to deal with technical problems", which raised suspicions for players. Their concerns were founded as the company announced that it is closing up shop but players will still be able to withdraw their balances.
The player notification mentioned Bryan Micon, believed to be one of the owners, and his plans to relocate to Antigua to potentially launch a new site using updated SealsWithClubs software.
A statement from the casino said:
"Effective immediately, SealsWithClubs will cease providing Bitcoin poker and will be shutting down all operations except to allow player funds to be withdrawn for a limited period of time. SealsWithClubs is, and has been, completely solvent up to this point in operations."
“On approximately February 11th, 2015, several events occurred related to operational security that we consider to indicate SealsWithClubs now operates in a perpetual state of jeopardy.
"We will not divulge details publically, but they may come to light if any team member chooses to come forward of their own volition at a later date.
"All player funds and data remain intact and the issue was not software related. We do not believe any of our Bitcoin wallets used in operations to be compromised or lost. However, this event has made the majority vote of the ownership and team agree that shutting down operations is the best move for safety and security purposes.
"SealsWithClubs Chairman, Bryan Micon, would like to carry forward the business with his own team (currently settling in Antigua) but the majority ownership cannot guarantee the future security, solvency, and integrity of that operation because there will be no administrative oversight carried over from SealsWithClubs.”
The notification continues on and on. The most important thing for SealsWithClubs players to know as that may withdraw from their accounts.