Date: March 10, 2026 | Classification: Forensic Investigation Companion: → Report 2: Victim Forum Evidence
This report combines live blockchain data with public financial analysis to document the on-chain behavior of Bull Gaming N.V. (d/b/a Rollbit.com). The findings establish a pattern consistent with capital flight, money laundering, and deliberate insolvency manufacturing by anonymous operators.
At a glance:
| Metric | Value |
|---|---|
| Documented treasury outflows (5 months) | $59.6M+ |
| Law enforcement asset seizure | $123M |
| RLB Uniswap liquidity | ~$2M |
| RLB market cap | ~$150M |
| Liquidity-to-market-cap ratio | 1.3% |
| Exit-scam risk score | 7.8 / 10 CRITICAL |
Rollbit.com is an online cryptocurrency casino, sportsbook, and 1000x leveraged futures platform operated by Bull Gaming N.V., registered in Curaçao (Company No. 157086). The platform launched in February 2020 and currently claims millions of registered users.
The founders operate under pseudonyms:
- "Lucky" — identified as Daniel Robert Dixon, British national (confirmed by rival platform owners, IQ.wiki)
- "Razer" — identified as Jose Llisterri, British national (confirmed by IQ.wiki)
Both operated the predecessor platform CSGODiamonds, which collapsed after being caught rigging games for a sponsored streamer (the 2016 CS:GO gambling scandal). Fraud is not new to these operators.
On-chain surveillance covers 6 known Rollbit wallet addresses:
| Chain | Address | Label |
|---|---|---|
| BTC | bc1qw8wrek2m7nlqldll66ajnwr9mh64syvkt67zlu |
Primary Treasury |
| SOL | RBHdGVfDfMjfU6iUfCb1LczMJcQLx7hGnxbzRsoDNvx |
SOL Treasury |
| ETH | 0xCBD6832Ebc203e49E2B771897067fce3c58575ac |
ETH Hot Wallet |
| ETH | 0xef8801eaf234ff82801821ffe2d78d60a0237f97 |
ERC20 Ops |
| ETH | 0x46dcA395D20E63Cb0Fe1EDC9f0e6f012E77c0913 |
rollbit.eth |
| ETH | 0x8aE57A027c63fcA8070D1Bf38622321dE8004c67 |
rollbot.eth |
The following treasury outflows are documented from public blockchain data and reporting by ChainCatcher, Binance/Bitget, and on-chain analysis:
| Date | Event | Amount | Chain |
|---|---|---|---|
| 2025-09-03 | 50K SOL sold after 2-year dormancy | $10,170,000 | SOL |
| 2026-01-11 | 15K SOL batch 1 transferred | $2,050,000 | SOL |
| 2026-01-11 | 15K SOL batch 2 transferred | $2,040,000 | SOL |
| 2026-01-15 | 21.4K SOL transferred | $3,140,000 | SOL |
| 2026-02-13 | 626 BTC moved to anonymous wallet | $42,210,000 | BTC |
| Total | $59,610,000 |
-
Two-year dormancy broken: The SOL treasury had not moved in over two years before September 2025. The sudden liquidation of 50K SOL in a single transaction is a textbook sign of capital flight, not routine operations.
-
Anonymous BTC destination: The 626 BTC transferred in February 2026 went to an address with no prior transaction history — characteristic of operators moving funds to a cold wallet outside regulatory reach.
-
Batched transfers to obscure: The January 2026 SOL transfers were split into multiple batches on the same day, a classic technique to avoid automated chain analytics thresholds.
-
Timing correlation with complaints: The treasury drainage accelerates precisely as victim complaints spike (37+ cases in 2025 vs. 2 in 2022). This is consistent with a platform moving assets in anticipation of legal action or collapse, not normal business operations.
On May 9, 2025, the Pechersk District Court of Kyiv ordered the transfer of $123,000,000 in cryptocurrency to Ukraine's National Agency for Investigation and Asset Management (ARMA).
The Evidence Trail:
- Investigators traced gambling proceeds from Rollbit to Binance accounts held by a Ukrainian proxy.
- Bull Gaming N.V. confirmed in writing to the Cyber Police of Ukraine that the seized funds "actually belong to the specified online casino."
- Chainalysis traced over $132 million in total transaction volume through the seized accounts.
- Criminal proceedings were opened for fraud and money laundering.
Source: Pechersk District Court of Kyiv; dev.ua (2025-05-09)
What this means for solvency: The $123M seizure is not a fine or penalty — it is the outright loss of casino reserves held in a proxy individual's name. Combined with the $59.6M in subsequent treasury outflows, Rollbit has lost or displaced at least $182.6M in a matter of months.
The RLB token presents one of the most egregious token structures in the crypto casino space:
| Metric | Value |
|---|---|
| Stated market cap | ~$150,000,000 |
| Uniswap pool liquidity | ~$2,000,000 |
| Liquidity ratio | ~1.3% |
| Exchange availability | Uniswap only (no CEX listings) |
| Stated circulating supply | ~3.97B of 5B RLB |
| "Burn" rate claimed | 50.86% of supply burned |
A token with $150M in stated market cap but only $2M in real market liquidity is not a functional asset — it is a number on a screen. This means:
- If any significant holder (influencer, insider, team) were to sell even $2M worth of RLB, it would crash the price by 50%+.
- The "market cap" figure is entirely hypothetical and functionally meaningless.
- The token cannot be realised at its stated value by any holder, especially large ones.
- A $2M liquidity pool for a $150M asset represents a 74:1 paper-to-real-money ratio — this is the structure of a textbook pump-and-dump.
Rollbit publicly claims to spend $5 million per month buying back and burning RLB tokens using platform revenues. This is mathematically inconsistent with the observed price action:
- Peak RLB price: ~$0.22 (November 2023)
- Current RLB price: ~$0.038 (March 2026)
- Price decline: -83% over ~28 months
- Claimed cumulative buybacks (28 months × $5M): ~$140M
If $140M were genuinely being used to purchase a token with only $2M in liquidity, the token price would have exploded to multiples. Instead it has lost 83% of its value. The explanation is one or more of the following:
- The buybacks are fabricated and funds are redirected to insider wallets.
- Insiders are front-running buybacks, selling into the purchased liquidity at a rate exceeding the buyback volume.
- The buy/burn mechanics are misrepresented in the tokenomics documentation.
Blockchain wallet analysis (reported by CryptoSlate and Step Finance) exposed:
- Casino founder "Lucky" offered influencers $250K in RLB if the token price hit $0.20 and held for one week, in exchange for "several organic RLB tweets."
- Influencer Gainzy publicly claimed to have bought $400,000 in RLB to show confidence. Wallet analysis showed he was selling $400,000 over two weeks using Rollbit's platform as a mixing conduit.
- These actions constitute coordinated market manipulation and potentially securities fraud under most jurisdictions' financial regulations.
| Period | Status |
|---|---|
| 2020–2023 | Curacao sub-license (365/JAZ) |
| March 2023 | License removed from website; claimed "annual renewal" |
| April 2023 | License "restored" |
| August 18, 2024 | Master license holder (Gaming Curacao/365/JAZ) permanently ceased operations |
| 2024–present | Transitional arrangement — pending application OGL/2024/1260/0494 with new Curaçao Gaming Control Board |
Rollbit has been operating without a valid, active gaming license since August 2024. The "transitional arrangement" is not a license — it is a filing acknowledgment. The platform is operating illegally in every jurisdiction that requires a licensed operator, which includes the UK, EU, US, and Australia.
Casino Guru independently rates Rollbit's Safety Index at 4.1 / 10 (Low).
The $123M seizure revealed a critical structural fact: Rollbit does not custody player funds in its own corporate accounts.
Instead, funds are routed through:
- Platform hot wallets (the 6 known addresses above)
- Personal Binance accounts of unnamed individuals (proxies)
- Anonymous destination wallets (for large outflows like the 626 BTC)
This is not a legitimate operational treasury structure. It is a layering scheme — the second stage of money laundering — designed to place distance between the casino revenue and the operators' identities.
| Indicator | Score | Evidence |
|---|---|---|
| Treasury Drainage Rate | 6.0/10 | $59.6M in 5 months |
| Law Enforcement Seizure | 10.0/10 | $123M confirmed seized |
| Token Price Collapse | 7.7/10 | -83% vs claimed $140M in buybacks |
| RLB Liquidity Crisis | 10.0/10 | $2M liquidity on $150M cap |
| Solvency Risk | 8.0/10 | $182M+ displaced vs unknown remaining reserves |
| Regulatory Status | 7.0/10 | No valid license since Aug 2024 |
| Complaint Acceleration | 8.0/10 | 2 cases (2022) → 37+ cases (2025) |
| Overall | 7.8/10 | CRITICAL RISK |
- Ukraine: Criminal proceedings active for fraud and money laundering; $123M already seized.
- UK: Founders (Daniel Dixon, Jose Llisterri) are British nationals; UK Gambling Commission has jurisdiction over UK-linked operations.
- Curaçao: Pending license application can be denied; operating under expired transitional arrangement.
- US (IC3): Any US-resident victims can file with FBI's Internet Crime Complaint Center.
- Civil: At least 3 separate lawsuits announced (Nono on X; TP-042; TP-024 class action).
Rollbit is not a legitimate casino that occasionally has bad customer service. The on-chain evidence shows:
- Its treasury is being systematically drained through anonymous wallets.
- $123M in casino funds were held in a proxy individual's personal account, confirming deliberate money laundering architecture.
- Its native token (RLB) has only $2M in real exit liquidity against a $150M stated market cap — making it nearly impossible for any large holder to exit without destroying the price, and making the claimed $5M/month buybacks mathematically incoherent.
- It has no valid gaming license and is operating illegally.
- Complaint volume is accelerating as the operators likely prepare for an exit.
Players still holding funds on Rollbit are unsecured creditors of an insolvent, unregulated entity whose operators have a documented prior history of running rigged platforms.
Sources: Pechersk District Court (Kyiv), dev.ua, CoinDesk, BeInCrypto, CryptoSlate, Step Finance, ChainCatcher, Chainalysis reporting, IQ.wiki, DotEsports, Blockstream API, Solana RPC, Etherscan, DEXScreener (Uniswap RLB/ETH pool), CoinGecko.
→ Continue to Report 2: Victim Forum Evidence for 87 documented case victims.