Full Tilt Poker released its most detailed statement yesterday on why it hasn't been able to repay American customers. Not surprisingly, the former second largest online poker room in the world was unprepared for Black Friday. What was surprising was the revelation that Full Tilt said it was a victim as well, as the site claimed a payment processor (Daniel Tzvetkoff?) stole $42 million from the company.
From Forbes:
“Until April 15th, Full Tilt Poker had always covered these losses so that no player was ever affected,” the company said, adding that it experienced “unprecedented issues with some of its third-party processors that greatly contributed to its financial problems.”