In my experience Betfair is a very fair and reasonable company and would not in practice hold the customer liable for any losses caused by fraud or negligence of its employees. In any case I think the Unfair Contract Terms Act 1977 would protect the customer.
It is hardly surprising the thread has been removed. If Betfair believed that the fraud could have been perpetrated by an employee, it would no doubt have reported the matter to the police and would not want any comment to prejudice a prosecution. On the other hand if it believed that the implication was without foundation, it would quite rightly remove the thread. So I don't think you can draw any conclusion about the matter from the removal of the thread.

There are a few risks you need to consider beside the obvious ones when betting/trading. The topic highlighted in this thread is the most important of these.

There are other though. For instance, I spoke to Betfair regarding settlement of bets in abandoned games. Imagine that you have layed over 1.5 goals for a large liability and covered this by backing 2 goals or more in total goals. This is an almost perfect hedge. I say almost, because it's possible that two goals get scored and the match gets abandoned. Your lay of over 1.5 goals has lost you a lot of money, and your back of 2 goals or more is voided. Betfair have told me that there is no set procedure in such a case, and you may or may not be refunded.

This may seem trivial as it's so rare, but imagine putting a huge amount of money on, thinking you have hedged and there is zero risk. It only needs to go wrong once, and if you spend many years on Betfair, it may happen at some stage.

I was recently hacked and my bank was gambled away in manic style by the hacker. Cant say too much as its being investigated by police but Betfair have taken the stance that its all my problem. Do not leave any funds with Betfair its way too risky with Betfairs current rules and security systems.
I need to find the best system for moving money in and out of my Befair account when I start and finish trading without incurring charges. Any advice appreciated.

Seems to have been a plan to make quick profit and then withdraw via false account.

Looks like the thread about Blatch has gone also!

my account was hacked over the weekend and my acct was closed..it was brought to my attention by the BETFAIR FRAUD DEPT so well played to them cos i knew nothing about it.
ive been told to change my password at regular intervals and did a full scan.
at least we know they are on the ball and fighting against these hackers

ttt for fine as frog hair

all sounds a bit worrying for me, Betfair seem to take the stance "its your account , you should manage it"
IE F..k you if your account is hacked.
Personelly I'm pretty sure Ladbrokes/Hills/Corals would love to hear about one of these situations !!!!

interesting reading this, i  phoned BF about this and they were unable to convince me about security other to say  to use a strong password, don't let people have access to your account etc .

a bit worrying

Jimmy ,shouldn't they have  public liability insurance ?  If money was stolen from my bank i would expect a refund .

Jimmy ,i have read cases where BF has refused to compensate although i don't have the finer details  of each case ,only the person's word on other forums. You can google some of them anyway .

I can understand BF refusing to know about a case where someone has disclosed passwords or cases of carelessness etc ,but we need some sort of protection .

Absolutely Investor . I am very wary of scaling up too much ,i  have limited funds   

Never an encouraging read these kind of threads. Can't believe how BF seem so distanced from such a subject, they need to address this. Their approach and what seems general lack of interest/responsibility with past fraudulent cases doesn't fill me with confidence.