This story was published more than 8 years ago.
Internet poker site and Revolution skin Lock Poker has issued a statement revealing why it decided to stop allowing peer to peer money transfers.
In the statement Lock explained that a group of players were abusing the transfer system, with some players registering accounts and then buying other player balances for half the account's value. Because the site thought that this could be construed as money laundering, Lock made the decision to suspend the service while it investigated.
One of the suspicious activities was that one of Lock's affiliates was conducting this activity. Because of his affiliate status, the man was able to avoid the mandatory 1x playthough to cash out immediately.
The move originally caused an uproar among the poker player community, causing player withdrawals to be delayed and led to many thinking that Lock was having financial difficulties.
The move comes during the same period that Playtech's iPoker Network institute a similar ban.