Pages:
Author

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 65. (Read 566736 times)

jr. member
Activity: 65
Merit: 9
I could really appreciate some news, information, gossip, whatever.  Thanks. Shocked Cry

There have been a few recaps of the situation so I present to you The Recap of Recaps:

Here's a recap on what I gathered of the Freebitco.in situation:
  • People got hacked and their deposit/withdraw address manipulated.
    • The costumer support replied with: "nah bro, everything is fine, we thoroughly checked, must have been the wind a virus."
  • TheQuin, which used to be the official costumer support of freebitco.in for the longest time, disappeared leaving the site without support for months.
    • The costumer support said that he's now focusing on the fun part of the business (fraud prevention) and that they are hiring a professional team
  • There were hiccups where withdrawals and emails wouldn't go through for a couple of days.
    • The costumer support disclosed that it was an issue with their mailing servers and that after giving it time to clear the backlog everything would return to normal.
      • Everything did in fact return to normal.
  • Somewhere among this this thread got flagged as "high risk".
  • The new user CSFBC appeared and declared that he was now taking care of the costumer support, the professional team is here, ready to restore the law in this town support and assist with all your questions. (These guys use extensive boilerplate and corporate speech in their messages. Is it and improvement over the frequently overly rude TheQuin messages? You decide!)
    • The costumer support hasn't commented since the 20th of June, after two whole days of hard work, they at least seem to be alive logging in at least once a day.
  • The cold storage wallet is still not officially disclosed, but a community member found this multichain portfolio, whose bitcoins didn't have much movement for ~a year until a couple of days ago. A good portion of the BTCs seem to have been converted to interest bearing ETH. (Is it an investment play? Are they risking our deposits? Nothing bad with a "side-hustle" with all that cash, I would just love some transparency)
    • The costumer support said that he would look into the status of upgrading the wallet system.
  • People have reported not receiving the free Wheel Of Fortune spins despite holding FUN tokens on the website.
    • The costumer support didn't comment on this
  • The "logout" button a the top right corner doesn't work and probably hasn't been working for a while. It feels like the website has no developers behind it, and it's slowly falling apart...
    • The costumer support didn't comment on this

I'd like to also point out that the address is now empty of either Bitcoin or Ethereum.

They seem to have been funnelled to this address which seems to be the crypto exchange Bybit. They are cashing out?  Huh
I am republishing the updated list with feedback so that everyone has a complete view...

This is the current situation.
1) Currently what works:
- Points and Tickets every Faucet Roll.
- Spin Wheel, credits all types of prizes (Satoshis, Points, Tickets, etc...).
- Satoshi Bonus in faucet roll (for those who have it active).
- % extra interests per satoshi (over 30000) available in the account, if you have the Premium active.
- Decrease % of Bonus Faceut advancement for each Spin Wheel played.
- Dice Game.
- The Daily Jackpot of the Dice.
- Points credited every 500 satoshis played in the Dice.
- Tickets credited every 500 satoshis played in the Dice.
- Elegible or Selectable bonus every Wagers Volume completed in the Dice (in the Dice game section).
- % of Bonus Faucet advancement every Wagers Volume completed in the Dice.
- % cashback of wager volume, if you have a Premium activated.
- Locked FUNTokens that do not unlock even after the period expires (sometimes they unlock late)
- Slow Withdrawal.
- Deposits (credited on site at least 24+ hour(s) later).
- Subscription email, with news and 1 free spin wheel.
- Site Blog (still updated https://freebitco.in/site/blogs/)
- X (Ex Twitter) news update (https://x.com/freebitco).
2) Currently what does not work:
- Daily Wheel Spin credit if you have the Premium, based on membership adquired.
- Instant Withdrawal sometime don't work (other yes).

If anyone knows of any other features on the site that are not working or have stopped working, please let everyone know.


At the moment there are no communications from the staff or owner of the site to know if the features will be reactivated (and when) or if they will be replaced by something else, so everyone will decide what to do.
+New Freebitco.in issue unlocked: "Sometimes deposits aren't credited"

My (old) assessment of their whole business:
[...]
3LaNNTg87XjTtXAqs55WV5DyWASEZizCXZ is one of our hot wallets we use for payouts. The other is 329koRvovTyNnd4ADrpR2uJHzXxfvKxta5.

When you deposit to us we sweep funds greater than 0.00050000 to 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h
There is currently 229 BTC of dust deposits that haven't been swept.

That address then either funds the 2 payout hot wallets or sends it to cold storage at 3CZM2Y6AqieFZE1RAbvXYi7hExx1zSb5R1

It is when that wallet is used to fund the hot wallets that the change addresses are used. (eg. https://btc.com/35e79400c98284bf52ea791dbefb6efe38b6d32d7353eab2a239a7ff7b2c17fe)

I have compiled a list of good and bad things about Freebitcoin that are of concern from the safety standpoint. If it's not already clear, I am judging their trustworthiness more from the point of view as the website being a "BTC savings account with a casino attached" rather than the opposite.

The bad:
  • The addresses quoted above are now empty, I haven't seen any other proof of address posted anywhere
  • For quite some time now (at least ~October 2023) the STATS page of the website is broken and doesn't show anymore the active users/funds held by freebitcoin nor the amount of BTC bet/won. I seem to remember that they used to also provide the last website deposits and payments that they sent, are those features broken too?
  • Somehow (thankfully) they are still avoiding KYC regulations tightening all around the world, which probably makes them completely invulnerable in case something bad were to happen to the funds!
  • The whole FUN endeavour seems to have been quite a flop and development has stalled (I know FUN and fb aren't the same thing, but they seem heavily involved/exposed)
  • The website on the EARN BTC page still says that they are using Trezor rather than Ledger as in the first sentence of the quoted text above (it's a nitpick, yes, but if that is wrong, what else is?)
  • The site seems to still be run by only two fully anonymous people (wetsuit and TheQuin)
  • Except some recent outliers the weekly lottery tickets numbers seem to have been steadily decreasing, is it sign of a diminishing user base?
  • Despite the bust of most other crypto interest-earning websites, they still offer a very solid 4.08% on the deposited BTC, which is upgradable through Premium to 5.1% for what is now very little money, compared to when FUN first launched: around 2.5k$ (it was around 15k$ when Freebitcoin+FUN was announced).

The good:
  • It seems like that most things are automated
  • They seem to operate directly in BTC (thus avoiding volatility of BTC vs fiat)
  • They have good house margins and good betting mechanisms
  • Only two people (wetsuit and TheQuin) seem to have access to the funds, which makes them more strong against internal theft
  • They have been around for a long time
I still mostly trust Freebitcoin only because of these reasons, but being more transparent about how the funds are managed should be a priority given the anonymity and likely complete legal immunity that they have managed to keep.

CSFBC hasn't been online on this forum since 19-08-2024.



Multiple times the support has said that they are working on the issues, but don't believe there is a single dev that knows the system and is working on it.

This website used to be the pinnacle of transparency, you were able know how the website was doing monetarily, you were able to check that they had the BTC in custody, TheQuin would talk to you straight and, hell when the website sometimes went down TheQuin would come out and say how the issue was a specific thing X in database Y, etc... but is now the opposite...  I'd classify putting BTC in this website as "HIGH RISK, DON'T DO IT".
legendary
Activity: 2506
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.

The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos, I would like things to be resolved, but I see it as very difficult, lack of capital? something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.

You are absolutely right, I have said this here a couple of times that I came to know about crypto currency after I was introduced to an ico by a friend of mine, this was way back late 2015, I and several others invested money but at the end, it was a scam, the Dev took all our money and ran away.
By this time, I honestly did not know anything about bitcoin or cryptocurrencies, I was simply under the guidance of the dude that referred me to the ico, after the project turned out to be a scam, the dude who referred me focused on his own stuff and stopped communicating with me and the rest of others he referred.

So on my own, I started to want to know more about cryptocurrencies, bitcoin specially, I google searched, and came across this forum, as well as freebitco site, I first read some posts about bitcoin here, got interested and wanted to own some bitcoin but I didn't have money or even know how to buy it at the time since fiat to crypto conversation services and process was limited and very complicated at the time, I began to search for how to get bitcoin for free, this was when I came across freebitco.in, I signed up on the site and started Fauceting for free bitcoin every hour, I earned bitcoins worth over $30 (at the time) from this site, and this was how I began my journey in crypto.

Freebitco is legendary to be honest, and if I had the capability and means, I would do any thing to make sure this site stays without any issues for as long as crypto exists, but unfortunately, what ever have a start must have an end, and when that end comes, there is really nothing we can do about it
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.

The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos, I would like things to be resolved, but I see it as very difficult, lack of capital? something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.


The fact is that they didn't bother to callout the issues on the site by themselves or cared to fix it.
If lack of capital was an issue, which I don't think so since they're operating from so many years, then they could have raised funds to hire some developers and get the site fixed.
Freebitco.in having such a huge reputation would have easily got a hefty donation and raised funds.
But they rather chose to let their reputation go down the drain.
jr. member
Activity: 50
Merit: 1
Yesterday I deposited 50 usd, which was credited almost instantly. Deposits and withdrawals work as before.
jr. member
Activity: 57
Merit: 1
Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.
Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco
Confirm of receiving the amount

Thanks a lot @Mohd1983,

Mine has arrived now. It took 3 hours but it is already credited.
newbie
Activity: 9
Merit: 1
Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.
Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco
Confirm of receiving the amount
newbie
Activity: 28
Merit: 2
The average cannot be done like this, the spin has 4 types of prizes:
1) common (15/50 Sat/Points/Tickets)
2) uncommon (150-500/1500-5000 Sat/Points/Tickets)
3) rare (1/5/50 Golden tickets)
4) special (500$ giftcard, Iphone, Rolex)

Point 4 has an extremely rare probability, it is like winning a jackpot of a national game/lottery.
Point 3 has a probability of about 1%.
Point 2 has a probability of about 3-4%.
Point 1 is the one that comes out with a probability of about 95+%, of which as said 1/3 are tickets.

So we need to calculate a weighted average of point 1, with some exceptions of point 2 and extraordinary 3 and 4.

Those probabilities are not accurate. To get an uncommon prize, there is a 1.1% probability if you include lottery tickets, without tickets it is 0.6%. Another thing is that even if the uncommon prizes have a low probability they still made up a proportionately higher amount of your rewards in the beginning. The 5000 prize is 100x larger than the base prize but the odds were initially much better than 1/100th of the base reward’s odds.
They are accurate because they are calculated manually by my membership, counting all the spin wheels made with the relative amounts.
Tickets do not count towards the return on investment, only satoshi, points and any special prizes, also because there is no guarantee of winning in the lotteries, so they are not part of the ROI.

That is from 1/83rd to 1/125th of the investment.
If the annual returns had been 1/125th at the beginning, nobody would have invested in something where it might take over a century to recoup that investment.
instead it is like this, but we are only talking about the spins, obviously we have the APY and possibly the interests for the satoshis deposited, so it is higher, but the spins returned an average of that ROI, today it reaches over 4 times, this would explain why they have deactivated them and the other features are active.

Regardless of how you want to calculate returns, becoming a premium member is something that currently requires an extremely long time to reach any meaningful ROI. These slow and steady returns should not be unsustainable but perhaps there are other costs which we haven’t been factoring. FUN isn’t a token they created themselves, it is something which they paid to acquire. Promoting and developing the token also have a cost and they might have taken significant losses from all this.
We agree on this, all non-SCAM investments have slow ROIs, also because they have to generate revenues with which the same ROIs are then paid.

Here we can find the FUN RoadMap for 2024 and beyond, perhaps these innovations can lead to an improvement and greater use of crypto: https://funtoken.io/road-map
newbie
Activity: 9
Merit: 1
Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.
Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco
jr. member
Activity: 57
Merit: 1
Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos,

I hadn't thought about it, but now that you mention it, that's the way it is. I discovered this site even before the forum and it was the first cryptocurrency casino for me too.

something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.

Many of us think the same, but they have been malfunctioning for some time. A shame to see this with the great userbase they have and the money they must have made from the site.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.

The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos, I would like things to be resolved, but I see it as very difficult, lack of capital? something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I could really appreciate some news, information, gossip, whatever.  Thanks. Shocked Cry
Support comes on this thread from times to times to leave a message saying they are working to fix the issues and errors on the platform, but such problems are never fixed. Issues are going on for several months already without any solid reaction from freebitco.in, while the issue with daily WoF spins not being credited are going on for more than one month.

There isn't much to expect from this platform anymore, I suppose.

Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.
newbie
Activity: 2
Merit: 0
Yes, I realize this is my first post and I am very new. All I am looking for is some new information about FB.

There is no news like new news; can or do you know what the heck is going on at support?

I send email and get "we will pick up your ticket soon".

My free spins began to work again last week for about 3 days then quit again. I have not received the free spins
that they told me I would get, eventually. Their replies said they are working on the issue and now they aren't
even replying. It's been several weeks since we lost the daily free spins.

Has anyone gone to the UK gambling entertainment "government complaint process" to find out what is going on?
That was going to be my next step but I can't do anything until eight weeks has gone by and that date is coming up soon.

Do you have any information at all? I played their hi/lo game and lost everything I had built up that I didn't have in my savings portion.
I have been building this account for over 8 years now and I don't understand why these people are so rude to their players?

I could really appreciate some news, information, gossip, whatever.  Thanks. Shocked Cry
newbie
Activity: 2
Merit: 0
Hi

I have sent several emails to FB regarding losing access to both my email address and my 2FA account.

Unfortunately, no reply.... Any chance I could get some help here?
I see you are brand new on this forum, and this is your first post on this forum as well as this thread, sorry though but you can't get help here either, freebitco is currently facing issues with alot of customers and their representatives on this forum are no where to be found for several weeks or months now, the casino seems to be currently running on auto-pilot because there are no customer service any where to assist users with their issues, both on the site and on this forum.

So, what I advice is, if you don't have a balance on your FB account, simply forget about this and move on, find some other reputable casino and play there for now.
But if you have a balance, there is also nothing you or anyone can do for now if you can't access your account, simply continue to try and let's hope that the management behind this casino will break out of their shell soon.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
The average cannot be done like this, the spin has 4 types of prizes:
1) common (15/50 Sat/Points/Tickets)
2) uncommon (150-500/1500-5000 Sat/Points/Tickets)
3) rare (1/5/50 Golden tickets)
4) special (500$ giftcard, Iphone, Rolex)

Point 4 has an extremely rare probability, it is like winning a jackpot of a national game/lottery.
Point 3 has a probability of about 1%.
Point 2 has a probability of about 3-4%.
Point 1 is the one that comes out with a probability of about 95+%, of which as said 1/3 are tickets.

So we need to calculate a weighted average of point 1, with some exceptions of point 2 and extraordinary 3 and 4.

Those probabilities are not accurate. To get an uncommon prize, there is a 1.1% probability if you include lottery tickets, without tickets it is 0.6%. Another thing is that even if the uncommon prizes have a low probability they still made up a proportionately higher amount of your rewards in the beginning. The 5000 prize is 100x larger than the base prize but the odds were initially much better than 1/100th of the base reward’s odds.

That is from 1/83rd to 1/125th of the investment.

If the annual returns had been 1/125th at the beginning, nobody would have invested in something where it might take over a century to recoup that investment. Regardless of how you want to calculate returns, becoming a premium member is something that currently requires an extremely long time to reach any meaningful ROI. These slow and steady returns should not be unsustainable but perhaps there are other costs which we haven’t been factoring. FUN isn’t a token they created themselves, it is something which they paid to acquire. Promoting and developing the token also have a cost and they might have taken significant losses from all this.
legendary
Activity: 1946
Merit: 1026
In Search of Incredible
I don't get it, why is there so much complain about FUN token?
~snip~
This token has react very well to all past bull market, just like all other altcoins, when and if Bitcoin dominance is done surging altcoins will start moving again ~
Because you aren't looking into the chart properly. I also think that you aren't holding any FUN tokens on your Freebitco account. You wouldn't say it if you were holding any FUN tokens. Anyway, Freebitco team have tried to give some benefits to the FUN token holders. It helped FUN tokens price to surge significantly in the early days. Then it has failed greatly and FUN tokens price rarely surged with other altcoins.
legendary
Activity: 2506
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
I don't get it, why is there so much complain about FUN token?

Someone said people are not buying this token, I doubt that because even in this bear market this token still have one million dollars worth of volume with good marketcap, how is this not doing fine?

Sorry but I honestly doubt if you know what you are saying, current marketcap of Fun token is around $34 million dollars with a total supply of 10 billion, this is a very small market cap for a token that is listed on all the big exchanges except from coin base and bybit, and maybe some other exchanges that doesn't really matter.

How about the trading volume?, currently trading volume when I checked now was $1.1 million dollars in total, meanwhile on Binance which is still the world's largest crypto exchange, the volume is around $600k dollars, that is also very low for a token listed on top exchanges.

Go and check RLB - Rollbit token, the token is only listed on some decentralized exchanges, yet have around $212 million dollars in market cap, and does around $3 million dollars in 24 hours trading volume, this is without centralized exchanges yet.
newbie
Activity: 3
Merit: 2
Has anyone tried to access the WOF directly?
Previously it was a broken link, but now it works, albeit with no spins available.
https://freebitco.in/static/html/wof/wof-premium.html

The wheel is not technically broken as it works for me on the emails (gone from 1/day to 2-3/week) and the notification popup, but not from the Premium membership.
This suggests that the wheel and process is fine, and my FUN total is fine too (it also unlocks automatically, just give it 24 hours!) but they have clearly deactivated the premium spins.

With regards the "Notifications WOF spin".... I get about 2-3 notifications pop up every day but none of them are the WOF spin. The WOF spin notification pops up once every 4-7 days so it is a bit cheeky telling you to subscribe for notifications that give away free spins, because they are giving away 1 free WOF spin for every 10-15 pop ups they send to you and is quiet easy to forget to pay attention to what it says and just dismiss the genuine WOF notification as one of the other pop ups about lottery draws or bonus events.

Additionally, I know a lot of you are quick to sell off your FUN tokens at the moment, and I don't blame you if you need the cash, but it isn't worth much and I personally think if you are a risk taker like me, it is actually better to BUY as much as you can right now.

Firstly, if enough people buy FUN tokens, the price will start to rise again which may boost it enough to get the WOF spins working again, and secure your funds. Granted, it would take a LOT of people to get it to rise but not unheard off (hey Elon Musk??!?)

Secondly, it makes market sense to buy right now when the price is really low, because IF they get the WOF spins working again, you are going to be getting 16 spins/day with a minimum of 18SAT a spin and you can max out those Premium Member benefits for maybe $100.
If you wait for the FUN price to rise (and IF it does) and wait for the WOF spins to come back (IF it does) then you are going to end up paying a LOT more to max out those benefits.... potentially $hundreds or even $thousands which in turn is going to take you many times longer to recoup the cost of the FUN. Max out the premium membership now and you could in theory recoup it within 8-9 months with 16 spins/day, but wait until the FUN token goes above 10sat and you are looking at 18-24 months to recoup the investment.

Of course, there is not guarantee it will rise or the WOF will come back on, but then there is absolutely no guarantee in any cryptocurrency because it is so volatile!
People who get rich from it are those willing to take big risks and gamble for the huge payoff that MAY come with it.... and the FUN token is no different.

So I have maxed out my FUN tokens premium membership for FAR lower cost than it was 6 months ago and sitting and waiting to see what happens, hoping I eventually get my 16/day spins. If it goes belly up..... well...... it is no different than buying $100 worth of any crypto and hoping to see the price of it go up and not crash.
jr. member
Activity: 50
Merit: 1
Today sometimes my captcha disappears, please fix it
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
How can you say that FUN token is doing well? Okay, the volume is not that bad but the price of the coin goes down, Freebitco loses trust, has issues and goes down, there is no room for FUN token to breathe air, it's going downwards, this is the race to the bottom.
Hmm the future looks bleak from this position for FUN token, I have maintained my distance from this token since its inception and shift of ownership to freebitco.in - I dont know how the current bagholders of FUN are managing to stay put and continue holding their bags.

Quote
Btw in 2021, the fact that Freebitco acquired the FUN token, played a good role in its bull run but I bet there will be no bull run for this token in 2024-2025 and further.
In all probability it will not encounter a bull run. We must also note that there is been no marketing from FBC about this token. If they start doing it maybe things will change in future. But with the current reduction of public trust in FBC, things dont look good.
Pages:
Jump to: