FreeBitco.in Appears Hacked - Monthly Prize Money Stolen From Multiple Users - page 2.

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legendary

Activity: 3472

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Crypto Swap Exchange

Quote from: mindrust on July 07, 2024, 01:28:30 AM

That’s why I said FUN’s only purpose is to scam people out of their bitcoins.

You paid bitcoins for FUN tokens. Your initial investment lost most of its value. You were told that you were going to get something for your sacrifice, and you are getting a fraction of what was promised.

In the end you paid something, getting a little something in return.

It was clear as day that this was going to happen when they first introduced FUN tokens.

It is quite obvious, 25% APY is unsustainable and it is only a model to discourage users from withdrawing funds from this platform.
I did not specifically deal with this possibility, but as far as I have noticed, the FUN token is in a slight but constant decline in value. I guess it is inflation that will eventually bring investors to near zero in the best-case.

mindrust

legendary

Activity: 3276

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Quote from: FinneysTrueVision on July 06, 2024, 08:00:49 PM

My problem with the token isn’t so much that it has lost so much value or that it is a shitcoin. I knew it was a shitcoin from the start and I had very low expectations. I only invested in it because of the premium benefits.

The main selling point for the premium program was the Wheel of Fortune, which is essentially a second faucet with better rewards than the normal one. The problem is that the rates for winning larger prizes were quietly nerfed and the prize amounts were also decreased, not just a decrease due to Bitcoin price volatility but an additional decrease on top of this.

When I inquired about the logic behind making prizes worse and worse, TheQuin gave a typical snarky reply basically saying I should be thankful to be getting free money. It is not actually free, however, since it requires an upfront investment. I’m sure the changes were made to keep the premium membership program sustainable, but the way they went about doing it, making changes that drastically changed our original expectations without notifying users, felt like they were pulling the rug from underneath investors.

That’s why I said FUN’s only purpose is to scam people out of their bitcoins.

You paid bitcoins for FUN tokens. Your initial investment lost most of its value. You were told that you were going to get something for your sacrifice, and you are getting a fraction of what was promised.

In the end you paid something, getting a little something in return.

It was clear as day that this was going to happen when they first introduced FUN tokens.

FinneysTrueVision

sr. member

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Top Crypto Casino

Quote from: mindrust on July 06, 2024, 01:24:54 PM

Does it really matter if they did or didn’t create it? Like you said they own the project now which is not much different. At least the outcome is the same as how I described it.

They own the project, they own the majority of the supply, they control the prices and yet it is still failing because it is a shitcoin which has only one purpose; scam people out of their bitcoins.

Had they used dogecoin instead, it would have been a very different story but that’s the thing. They can’t afford to use a real cryto currency like doge. > bankruptcy

My problem with the token isn’t so much that it has lost so much value or that it is a shitcoin. I knew it was a shitcoin from the start and I had very low expectations. I only invested in it because of the premium benefits.

The main selling point for the premium program was the Wheel of Fortune, which is essentially a second faucet with better rewards than the normal one. The problem is that the rates for winning larger prizes were quietly nerfed and the prize amounts were also decreased, not just a decrease due to Bitcoin price volatility but an additional decrease on top of this.

When I inquired about the logic behind making prizes worse and worse, TheQuin gave a typical snarky reply basically saying I should be thankful to be getting free money. It is not actually free, however, since it requires an upfront investment. I’m sure the changes were made to keep the premium membership program sustainable, but the way they went about doing it, making changes that drastically changed our original expectations without notifying users, felt like they were pulling the rug from underneath investors.

mindrust

legendary

Activity: 3276

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Quote from: Saint-loup on June 22, 2024, 02:26:47 PM

Quote from: mindrust on June 20, 2024, 12:15:48 AM

Fun tokens was the worst idea they came up with. I said it when they first introduced it: “This casino will become freefuntokens soon” TheQuin didn’t agree with me. I wanted to believe him and part of me did.

The casino didn’t really become freefuntokens but what I really meant was “the casino will go shit soon” and it looks like it did.

I hate it when an online bitcoin casino issues its own currency. Just-dice also did it and issued CLAMs and nowadays nobody uses it anymore.

Issuing your own casino tokens is a sign of bankruptcy to me.

They should have kept freedogecoin alive.

It's not their own currency, they didn't create it, it was existing before and the currency has a different name before being rebranded: Funfair. It has been launched in 2017 at an ICO price of $0.007 according to Etherscan. They really tried to develop it after acquiring it, they've carried it onto another blockchain/layer2 network, they've created a wallet and a bridge, they've launched a casino, a decentralized sportsbook, and a GameFi platform using it, they've added a burning scheme and lock investment/stacking offers including on Binance, and they list it on several big exchanges. Unfortunately the price is falling (certainly because of the high stacking APY) but we can't say they did nothing, they stood by with their arms crossed.

Does it really matter if they did or didn’t create it? Like you said they own the project now which is not much different. At least the outcome is the same as how I described it.

They own the project, they own the majority of the supply, they control the prices and yet it is still failing because it is a shitcoin which has only one purpose; scam people out of their bitcoins.

Had they used dogecoin instead, it would have been a very different story but that’s the thing. They can’t afford to use a real cryto currency like doge. > bankruptcy

codergeek

jr. member

Activity: 130

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I forwarded the unanswered PM I sent to TheQuin to the new customer support representative CSFBC.

I'm still waiting for a response.

[email protected]

newbie

Activity: 16

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Quote from: ixi1234 on June 27, 2024, 08:25:37 PM

Has anyone received feedback from the new support member yet? At the moment I have not been given an answer.

I think the new support member has disappeared because he is not responding

nothing yet neither I have seen my 21300€ back.

correct me if i am wrong but all prices are also send to one user ends on 370.
this guy must lose a shitload of money knowing the odds.

ixi1234

copper member

Activity: 67

Merit: 2

Has anyone received feedback from the new support member yet? At the moment I have not been given an answer.

I think the new support member has disappeared because he is not responding

Saint-loup

legendary

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Quote from: mindrust on June 20, 2024, 12:15:48 AM

Fun tokens was the worst idea they came up with. I said it when they first introduced it: “This casino will become freefuntokens soon” TheQuin didn’t agree with me. I wanted to believe him and part of me did.

The casino didn’t really become freefuntokens but what I really meant was “the casino will go shit soon” and it looks like it did.

I hate it when an online bitcoin casino issues its own currency. Just-dice also did it and issued CLAMs and nowadays nobody uses it anymore.

Issuing your own casino tokens is a sign of bankruptcy to me.

They should have kept freedogecoin alive.

It's not their own currency, they didn't create it, it was existing before and the currency has a different name before being rebranded: Funfair. It has been launched in 2017 at an ICO price of $0.007 according to Etherscan. They really tried to develop it after acquiring it, they've carried it onto another blockchain/layer2 network, they've created a wallet and a bridge, they've launched a casino, a decentralized sportsbook, and a GameFi platform using it, they've added a burning scheme and lock investment/stacking offers including on Binance, and they list it on several big exchanges. Unfortunately the price is falling (certainly because of the high stacking APY) but we can't say they did nothing, they stood by with their arms crossed.

ixi1234

copper member

Activity: 67

Merit: 2

Hi,
CSFBC is not responding to me

blackmtl308

jr. member

Activity: 143

Merit: 1

There is a new support team at Freebitco.in, after 2 months I received a response by email.

Freebitco.in Support Team User CSFBC, is now accepting messages from Newbies as well.

Even though they didn't respond to me, what I actually sent in the message, basically, the stolen money, as happened to most of you, at least there is someone who is taking care of it.

I will continue with this, until I receive financial compensation for the loss.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: ixi1234 on June 20, 2024, 01:05:25 AM

Hello, yesterday I tried to contact a new member of technical support, in the main discussion thread, since I don’t have the opportunity to write to him in direct messenger. At this moment I have not received a response. Compensation has also not been received until now.

Now you're a Jr. Member, so perhaps you can message them now.

I know the events are being blamed on the user, but there seems to be much more to it than that, like perhaps some kind of hacker (whether an insider or outsider, we don't know) was able to insert some malicious code into the website & cause people to send coins to addresses that weren't theirs.

ixi1234

copper member

Activity: 67

Merit: 2

Hello, yesterday I tried to contact a new member of technical support, in the main discussion thread, since I don’t have the opportunity to write to him in direct messenger. At this moment I have not received a response. Compensation has also not been received until now.

mindrust

legendary

Activity: 3276

Merit: 2442

Fun tokens was the worst idea they came up with. I said it when they first introduced it: “This casino will become freefuntokens soon” TheQuin didn’t agree with me. I wanted to believe him and part of me did.

The casino didn’t really become freefuntokens but what I really meant was “the casino will go shit soon” and it looks like it did.

I hate it when an online bitcoin casino issues its own currency. Just-dice also did it and issued CLAMs and nowadays nobody uses it anymore.

Issuing your own casino tokens is a sign of bankruptcy to me.

They should have kept freedogecoin alive.

nutildah

legendary

Activity: 3010

Merit: 8114

@BayAreaCoins and everyone else affected that hasn't already done so, you might try reaching out to the new CS representative about what happened:

Quote from: CSFBC on June 18, 2024, 06:01:58 AM

Hello BTC Talk Community,

I am the newest member of the Free Bitco.in Customer Support team and am excited to join this community.
I'm here to assist you with any questions or issues you may have. My goal is to provide you helpful support and guidance to ensure you all have the best possible experience.

As I get fully acquainted and set up, I appreciate your patience.
I look forward to engaging with you, contributing to this forum and enhancing your experience with the site.

Please feel free to leave any feedback you may have, your input is greatly appreciated. It will be taken onboard and help in providing the best possible product and service.

Best Regards,

Customer Support Team
FreeBitco.in

They are confirmed to be an actual employee of freebitco.in.

I'm wondering if anybody who commented in this thread is experiencing a "back to normal" situation at this website, or has been compensated for their losses.

codergeek

jr. member

Activity: 130

Merit: 3

Quote from: soslex on June 09, 2024, 12:37:05 PM

Quote from: uneng on June 09, 2024, 11:25:49 AM

Quote from: freebitco.in PR on June 09, 2024, 12:08:26 AM

We have conducted a thorough review and found no issues on the website. It is possible that specific users may have encountered problems due to viruses or plugins they installed, which are beyond our control.

Isn't it too much coincidence that many high rollers who won the wagering contest (and only them) had their accounts legitimacy compromised by a malicious script which was deflecting their funds to external unknown wallets?

If the issue with malicious script were a generic issue faced by random users, then we could think that it had something to do with external plugins installed by the users themselves (probably plugins related to gambling bots).

But since only specific whales were targeted, it really seems to have been a more elaborated attack against determined platform's users, who the hackers knew to be more profitable to steal from, instead of focusing on random accounts from micro earners containing dust of satoshis, for an example.

I have 2 remarks:

1. The deposit and withdraw attacks were not just targeted against (recent) high rollers. I have not wagered on freebitco.in in months, and my account was still affected. Fortunately, I did not lose any bitcoin, because I did not try to deposit or withdraw when the attacks were taking place; but for a period of ~24 hours my deposit address switched to some unknown address. I have had the same deposit address for years and have not changed it recently, and so I knew immediately that something fishy was going on. After about a day, my deposit address changed back to my normal address.

2. This was absolutely not caused by "viruses or plugins they installed". I have 3 different devices that I use to log in to this site, and my deposit address was switched on every single device. Are you really going to argue that I had the exact same virus on all 3 devices?

I have ~100 messages on this forum, and in nearly all of them I have spoken positively about freebitco.in (they gave me a lambo!). I have to be critical here, though. Blaming users for these recent issues is not cool.

soslex, Lambo winner, also targeted by the hack.

ixi1234

copper member

Activity: 67

Merit: 2

Quote from: freebitco.in PR on June 09, 2024, 12:08:26 AM

Dear BTC Talk Community,

We have conducted a thorough review and found no issues on the website. It is possible that specific users may have encountered problems due to viruses or plugins they installed, which are beyond our control.

TheQuin is currently focusing on fraud prevention across our multiple properties and is no longer active on the forum. Customer support will now be handled by a professional team.

Best regards,
The FreeBitco.in Team

Well, gentlemen who have suffered, this answer is simply ridiculous, and just an excuse and unwillingness to do something about our problem. We were deceived (robbed) and they are not going to do anything about it. Support is a useless thing freebitco.

[email protected]

newbie

Activity: 16

Merit: 0

we are nearly 2,5 months further and this Samuel Das aka wetsuit still haven't said or done anything to compensate the problems that he is personal responsible for, nor replied any of us.

We (our group of high rollers) losses 21300€ by this scam/hack.

And the scam is even bigger. Funtokens slowly will be worth nothing and Samuel Das aka wetsuit or better say the CEO of freebitco.in and Funtokens, are fucking our asses.

Let me tell you this, we have spended more then 1 million US on his website, a contract killer or hacker will cost us less.

Let that be the final warning for you!

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: Wapfika on June 07, 2024, 10:11:26 AM

Quote from: Get-Paid.com on June 07, 2024, 09:57:37 AM

The writing was on the wall and we posted about it 3 months ago, and yet, there are still bad-sses who attack us for being responsive to users and running 20 legitimate faucets for over 7 years (we started in 2017 and freebitco.in in 2013).

So let's say it again - the writing WAS ON THE WALL !

https://bitcointalksearch.org/topic/the-downfall-of-freebitcoin-youtube-5487189

Hopefully someone would finally listen. It's not about just fixing a code, it's about getting control of your faucet.

They can't do it in the current structure, it's impossible.

The sign of them of collapsing is now getting clearer. Their lack of personnel despite they have lots of users using their service is one factor why the casino management will collapse just like this.

I’m not a faucet user anymore so I can’t relate to the details about their faucet but one thing is for sure that this casino never prepared for this kind of issue. Worst is the founder mismanaged the Bitcoin funds that result to this unimproved service even they are existing for a long time.

Quote from: Tercio on June 07, 2024, 09:38:40 AM

If the OP of this thread didn't happen to check if the address is one of their deposit (and honestly, why would he?) it might be worth checking it out. If the deposit was indeed made to his own freebico.in wallet this indicate a fuck up of the automatic system they employ, and not fraud/scam/hack.

Again the OP is high rank and known for being involved on many business. I doubt that he will be overlooked the address that he used in the past.

It's truly sad to see this, and you can see in our own thread people are attacking us for expressing these views 3 months ago warning everyone:

https://bitcointalksearch.org/topic/the-downfall-of-freebitcoin-youtube-5487189

Truly nuts how some people think!

We don't want them to fail. We have over 120k referrals with them (like our Youtube video shows).

We just share our own experience as faucet owners, 20 faucets, since 2017. We also posted a blog post about this here in February 2024:

https://freebitcoin.io/articles/changes-to-our-faucets-from-feb-2024

Use webmachine archive to verify, the text written here was posted then, it wasn't changed or altered - this was unfortunately a prediction of a black swan event. Why?

Because we saw what happens to many faucets now. Hackers use anything they can to drain them and drain user accounts. You need to communicate this to your users and you have to show you are hands on on the problem. Otherwise, this is only the beginning.

They can still get out of this, all they need to do is to finally change their business model and apply common sense practices and things will start flying again. Right now it seems like they choose the same approach they had with their "sister" site:

https://freebitcoin.io/articles/what-happened-to-free-doge
(This article is from 2020)

GxSTxV

hero member

Activity: 980

Merit: 742

I see there have been a lot of issues with Freebitco.in lately, and the team has yet to provide any answers. While I haven't followed all the stories, it seems that many users are experiencing much hacking incidents and issues about receiving emails, withdrawal trials that they didn’t make with their accounts, funds are stolen or orders are not processed due to the 2nd otp. Personally, I haven't encountered any of these issues on my account, but what is concerning for me more is that the team is not responding to the situation yet knowing Freebitco.in is one of the best and secure faucets and casinos I have ever experienced.

We are missing a lot of details about what exactly is going on. Should we take any precautions with our accounts or not even login inside?

Tercio

jr. member

Activity: 65

Merit: 9

Quote from: ixi1234 on June 07, 2024, 12:18:30 PM

https://ibb.co/ZNBZW9b

*grabs pitchfork*

Topic: FreeBitco.in Appears Hacked - Monthly Prize Money Stolen From Multiple Users - page 2. (Read 2849 times)