According to rumors circulating in the online poker community Daniel "jungleman12" Cates may have sold his account balance on Full Tilt Poker. Cates may have sold as much as $6 million at a discount rate.
" Cates may have taken the consequence of Full Tilt Poker's disappearance from the online poker
market by selling his account balance, rumors in the online poker community suggest.
Cates was last year's biggest winner on Full Tilt Poker with profits of more than $5 million, and according to claims put forward by Mike "The Mouth" Matusow recently, he may have had up to $6 million on the site when it was suspended on June 29th.
Now, ongoing rumors suggest that Cates was quick to act as Black Friday hit American online poker, selling his account balance at a discounted rate.
The reports were brought forward yesterday on TwoPlusTwo
, where user and poker coach Danny "d2themfi" Isaacson claimed that Cates had indeed sold his Full Tilt Poker bankroll immediately after Black Friday, possibly to one of his biggest online competitors, Tom "durrrr
"When we had dinner with Daniel "jungleman12" Cates and Haseeb "INTERNETPOKERS" Qureshi in Austin in late April right after Black Friday, Cates said he had sold his Full Tilt Poker account balance (I believe for 85% but I can't remember)," Isaacson wrote.
"We then asked him if he had sold it to Tom "durrrr" Dwan, and his response was 'Something like that' and we left it at that," he added.
While the sale remains to be confirmed by any reliable source, including Cates himself, it would not be the first time such a transaction takes place following Black Friday's shutdown of U.S.
In May, Isaac "Ike" Haxton was one of the biggest profiles offering to sell his bankroll on UB Poker, offering any interested takers a 80% discount on a total bankroll of $300,000.