After taking applications BitBet's estranged partners have hired experienced Bitcoin businessman David Francois to see BitBet through receivership. Monsieur Francois's application for the receivership states that he intends to complete the liquidation in a two week time frame following the receipt of all BitBet assets for liquidation, a task for which he will collect a fixed fee of 13.37 Bitcoin. This means that BitBet's assets including their domain name and software should be hitting the market shortly so parties interested in acquiring those assets should inquire with Monsieur Francois.

BitBet has found itself headed to receivership through an irreconcilable difference between the partners over how to handle an expense incurred through a method of handling peculiar node and miner behavior on the Bitcoin network which lead to a double payment to winners on a bet.