There will be a news item posted with more detail once investigations are complete but for now I can pass on this much information;
As posted on their website yesterday, 99bet say they are in dispute with Idealgames, who was handling player deposits and payments on behalf of 99bet
99bet claim they have been trying to negotiate for Idealgames to either pay players or hand over funds so 99bet could for several weeks
The move to close the website and post the warning notice was a threat 99bet hoped would move Idealgames to resume payments. This did not work.
99bet say they are now in the process of negotiating a new back-end service provider and anticipate they will be back in operation in approximately 4 weeks.
99bet have advised me that they will honor all player balances out of their own pockets if required.
They appeal for players to be supportive and understanding in the mean time.