Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 27. (Read 562845 times)

We only know what we can see on the blockchain, because, despite their promises, FB hasn't provided a proof of funds in years.

-Way back they used to have a normal BTC cold wallet. TheQuin used to provide proof that they had control of that address (can't be fucked to search the exact post, if you dig in my posts you might find it). That address is now empty.
-Another user found a multichain portfolio that fit the amount of BTC FB claimed to have. That wallet used to have BTC (WBTC to be precise iirc). Some of those were then converted to interest bearing ETH, and then it was mostly emptied in July towards an address that I previously judged to be of of exchange. This address now holds 3.4M FUN of the supposedly 5.8M FUN tokens locked through the website.
-Right now we have no idea where the rest of the money is.
-They have a system of hot wallets that makes it hard to trivially check where the funds come from (I think I described the system in one of my previous posts, but again, I can't be bothered to look it up right now). But if someone has expertise into digging though the blockchain automatically it could be an easy enough thing to check. If anyone is interested I am happy to share what I know right now.


I previously had compiled a recap of recap, it seems like the situation hasn't changed much (except for the fact that WOF started to work again a ~month ago and then stopped again). You can look it up here:

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I have no BTC on the site rn. I can't trust it as I used to.

None of us are getting our WOF tickets, it's done. You've got more chance of having dinner with Bin Laden than expecting some kind of news from FBC's customer support.

Hi, I'm also one of the users that is not receiving any of his WOF ticket, even if I'm premium level 4 from 690 days right now... any news about that? thanks

Wait. Are you saying that they sold BTC to buy ETH and/or FUN tokens? Or that it was withdrawn, since the difference between the $114M and $10M is very large. It could also be that they have a lot of bitcoin at addresses we don't know about, as bitcoin withdrawals, with all the delays and problems there are, are being processed, meaning that from somewhere they are being paid. The bad thing about this is how mysterious it all is, and that no one will show their face or give an official statement. I think they are holding the ship as long as they can until it can't hold on any longer and sinks.

It wasnt a mistake exactly, Bitcoin rose gigantically which you could say in retrospect well of course but its still amazing how strong the rises have been.   Like everything else on the site it has to scale to be balanced and relevant, I still wish the faucet was hundreds of Satoshis but sadly not, unless you use the site alot etc.


They added or altered the captcha on the faucet, that could be enough of a change to alter the apparent lottery users.   Not everything will be stated, it could be revenue or user count is lower but another measure such as site involvement is up on a percentage basis because of less bots.  It would be nice if no speculation was needed and obvious things like the missing spins reappeared and so on.

Bitcoin might actually break upwards, I'd like it to prove me right for end of month even if I didnt bet tons I just like being right.  Its hard to know what it will do, right now its attempting to breakout and it could fail then fall with 3 days left.

Yes, I am pretty sure I am the user y'all are referring to.

Before this whole kerfuffle, I used to collect the data that was provided to us in the STATS page of the website, which used to report the total of the user savings (could have been completely fake, but it was something) which was around 1100BTC and growing with my last reading on 22-Sep-2023. Instead too estimate the number of active users the method is to literally look at number of users that participate in the weekly lottery (you can find the .zip file on the twitter feed of Freebitco.in).

Right now there seem to be around 297k users down from 397k in May-24.

Wow, now that I check the numbers freebitco.in really has lost a lot of users in a few months. I can't fathom that they are letting the site going downhill this much unless something big happened (maybe even something physical happened to wetsuit).

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I was actually a bit more positive about freebitco.in lately given that another user pointed out that the WOF only restarted once the FUN price was high enough:

This makes sense and if this were the case, and they came out and said so, I'd actually trust freebitco.in MORE since it shows that they are doing things deliberately and not fucking up for months on end... Are they too deep in the lies now? I'd honestly give them a second chance if they come out and say that FUN and WOF was a complete failure and that they were removing the whole premium system.

I sort of remember TheQuin making a similar point about lowering the WOF rewards further since when the WOF came out the winnings were fixed at 50sats IIRC! But they soon corrected their mistake.

If I'm not wrong, then he was referring to two old posts. One of those were pointed out by me (on June, 2024). Freebitco team had worth $114 million assets (in different crypto) on their FUN token wallet address. Freebitco had converted the BTC into ETH of that address in the same month. It was pointed out by another forum members (check here). Then we had noticed that Freebitco team was taking out the funds from their wallet address. Now it has worth $10 million assets, which is mainly in FUN token.

hello, thank you for responding to my problem, I live in a war zone so the Internet sometimes disappears, what data do you need or do you need to fully describe what happened? I can’t send you a personal letter, it says it’s impossible

Oh yes that's a very good idea, I hadn't thought about it.10 days remain before the results of the election, that's more than the next Formula1 Grand Prix actually, so it's more than enough to have a nice market about it.

Duelbits and most other bookies only offer fixed odds given by odds providers, so if they are heavily manipulated and fake it could be good a thing that a pool betting sportsbook like Freebitcoin offers free and non-fixed odds to bettors, precisely.

There are so many sites out there that offer these options already. Futuur, Duelbits etc are just some of the sites that I can think of from the top of my head where all or almost all of these markets are available.

However, I advise not to blindly bet on Trump since the odds in his favor are heavily manipulated and aren't the true odds.

'FALL' Token,  yes, in the near future, we will need pay to sell Fall Token...

Hello,

Can we get some United States Elections Markets (winner of the election, popular vote, different US states) added to the betting tab/platform? Would be fun! Thanks.

People often ask what would happen if the Bitcoin price reaches a certain level where the base reward would be less than 1 satoshi, but I am wondering what happens when the price of FUN goes below 1 satoshi. You will get 3 sats per token if you sold today and the way things are going it will continue falling. When you sell tokens, the price on FBC is 1 sat below market price which means it would go negative when FUN is worth 0.9 sats. If we tried to sell would they take your tokens and subtract satoshis from your balance?

The failure of this token leads me to speculate whether this could be the root cause of the site’s ongoing problems. A falling token price means the premium program won’t be sustainable under any circumstances. They spent a considerable amount when they acquired the token and continued throwing good money after bad in marketing and development costs. They even tried building FUN only casinos and an arcade, all of which did really poorly.

What are you even talking about? I have assumed exactly nothing. You are replying to the wrong comment.

Don't assume something that is not happening and you know it's not happening, freebitco (regardless of the current situation and issues) still is one of the trusted casinos even though I wouldnt take any chances on them at the moment, they clearly have no intention of carrying out an exit scam, if they really wanted to, they would have pulled it off since before now, or at the very beginning of this whole issue when most players still had their funds sitting on the site.

Freebitco has been the best long running bitcoin Faucet, and they also the record for the most trusted Faucet, they were very reliable and users were sure of getting what ever amount of bitcoin they managed to gather regardless of how small, I believe they wouldnt want all of that achievements and reputation go to waste by now carrying out an exit scam..

Can you provide a link to where you got this data?


It has looked like this for a long time, but the site continues to function, albeit with the problems that we can all see. It's a shame as the site has worked so well in the past and is even a symbol in the history of this forum and bitcoin.

Not both of these can be true, the rest of the premium benefits still work.   I see them registered, the spins arent being credited but as said above half the time you get lottery tickets and thats not a burden its just a normal game to process on the site like all the other bets.   I dont think burden is the word Im looking for to describe the missing spins, it needs correcting but I doubt its a great weight unable to repay.  Only some of the wins are sats and most of it will be base reward, wish it were more but its not that much per person really.

I know about the 100k RP thing but now I need the BTC price to decline a bit so I can get the base reward on these spins I bought to go up a bit, helps me out. Aug 5th was last time I zero'd it, I accidentally clicked use all but luckily it didnt complete as I'd prefer to do it on a bad market day which invariably moves BTC down regardless of its own standing; Aug 5th was bank of Japan scare/news for example.

I do not see a token Lock button on the premium tab, does anyone?

Because people are still able to withdraw their BTC. Pretty pathetic exit scam if there is no money to scam.

I potentially rate this as an Exit Scam. There seems to be just a robot named Fin left by freebitco.

250000+ locked until february-april 2025 but missing my Premium features since months now.
Decreased my balance to zero since that. Very disappointing.
No WOF and Premium Member Days Counter is not working anymore.
I generated support tickets and just received robotic text template responses from freebitco Member Fin.
The ticket system generated obviously over 18000 ticket numbers in two months.

Why is there no Exit Scam Accusation opened already?

I had a similar issue a few times, you need to email support & ask them what's happening... also, don't forget to include your user ID, without it they can't help you. Good luck.


Who knows, we can only guess what's going on with the whole site... as I recall after the last draw it took them a few months to issue an announcement. This time it will be similar, if not a bit longer.