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Important: BOL has not processed a payout since Saturday!

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Ace7550

Ace7550

Joined
Oct 19, 2021
Messages
2,239
Not trying to cause too much alarm here, but this is something the community definitely needs to know about.
The BOL/SBAG/LOWVIG family has not processed a payout since early Saturday morning.
According to their CS they are experiencing "processor issues."
I know of multiple users that have been waiting days for their payout. I can personally attest that I initiated a withdrawal from sbag Saturday morning. It got auto authorized like usual and then nothing after that.
This is not something BOL/SBAG is denying. Go on chat with them and they will tell you the same thing.
I'm not too worried yet. It most likely is just a processor issue. Still, you may want to wait a couple days if you were going to deposit there.
They need to fix the payout problem ASAP.
 

Miz

Miz

Joined
Oct 19, 2021
Messages
127
I know of 2 people that have been delayed for about 3 days. I submitted one to lowvig today and it hasn't been sent. They have the same cashier and probably same processor etc. They also seem to have CS support from the SBAG/BOL team now, instead of just email only.
 

Miz

Miz

Joined
Oct 19, 2021
Messages
127
some other people speculated that it was due to bitcoin price fluctuations and that they are just waiting for BTC to go back up... i don't think that's the reason. It is likely a legit technical issue, and then just got so backed up due to the sheer number of transactions they get.
 
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KVB

KVB

Joined
Apr 11, 2023
Messages
12,713
I am 99% sure this is a processor issue and it is on the side of the family of books, not a crypto processor, or somebody else.

There’s no redundancy here or multiple processors because the problem is likely in house.

I don’t think it’s a solvency issue, but the cause of the problem could be a concern.

I hope they weren’t hacked.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
12,713
some other people speculated that it was due to bitcoin price fluctuations and that they are just waiting for BTC to go back up... i don't think that's the reason. It is likely a legit technical issue, and then just got so backed up due to the sheer number of transactions they get.

I guess we don’t really know what at this point but I very much agree with you and don’t think they are playing money games for solvency.

And you’re right there will be a backlog.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
12,713
man i hope so. but i am old enough to remember wsex closing and they were a huge book at the time

So do I.

I loved the live contracts, and they were totally exploitable.

I also remember we could bet on where the stock market would land and things like an OVER/UNDER on the Dow Jones and other indices in a particular day.

They didn’t offer that very long because I think they were getting slammed. I made as much as I could on those bets and I’m sure others did as well.
 
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Miz

Miz

Joined
Oct 19, 2021
Messages
127
i've never really been clear on who owns which of the sites BOL investors bought SBAG it seems like back in like 2012. I always thought LV was it's own animal but with shared site/lines but now i think they all 3 share CS. Definitely same cashier though
 
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