[soah]

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You make a good point about refunding only "net losses" by players due to GRAYCAT and the others, and I actually thought about that. However, the reverse argument can be made here -- that GRAYCAT was actually freerolling us because there was some chance he either wouldn't get caught or it wouldn't be proven. (The latter was more likely, and probably would be the case were it not for the smoking gun EXCEL file.)

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I assume that some players actually won against the cheaters and that they will be allowed to keep that money (or already cashed it out), which means that the refunds paid to everyone else will exceed the total profits from the cheating.