Topic: To freebitco.in and their representative, TheQuin - page 4. (Read 6986 times)

They finally fixed the Captcha on the "Forgot password" page, but the logout button still doesn’t work

The site now seems to be having issues with crediting the daily "free spins" users are meant to get for holding FUN tokens.

Did they change the email and password using a vulnerability on freebitco.in (on server), or did a virus exploit a vulnerability on freebitco.in and change it on the device?

I had a message from support that they would investigate, but i have no hope anymore, promisses are fake. I followed the trail where my money went to. And it had allmost 8000 btc on it. My account i will never retrieve and my fun witch was saved for 3 years will probably be gone in 1 week. I guess i supported the russia war now. Nice support i had this account for years. Just 1 Lucky hacking  russian is enough.

Do online crypto casinos really have any kind of relationship with the government? I think that the casino license asks and allows them to demand KYC from customers. Since there are people who will give up on winning because of KYC requirements, casinos use that as an advantage. Not every casino but some really do.
Has there been a moment when any government asked any casino that the user was probably a criminal and the KYC verification helped them to identify the criminal?

I strongly believe that crypto casinos formally hold Curacao or Costa Rica license and they aren't regulated by any government. If it was, then 1xBit and its sister sites wouldn't exist. I think that there are far more rights in favour of crypto businesses and users are left without support, instant exchanges are a good example of that too.

Unless there is a huge pushback by crypto enthusiasts, it seems just a matter of time before crypto casino/gaming and KYC become synonymous with each other. Whether it will be because various governments want their share via taxation or because they want to keep tabs on various blockchain transactions and link them to a particular individual, KYC will probably go down the route you described.

Right now we simply do not know. Their previous forum representative was moved over to focus on other matters and a new account was created to assist with queries and to provide updates but many in their thread are not happy with long periods of silence. In the meantime there are some newbies claiming they no longer have issues withdrawing whereas some are complaining the issue still exists as well as complaining about waiting for days for customer services to still reply to their emails.

KYC is going to be a mainstay in the crypto world at some point. Governments aren't going to allow people to make a dime and them not get their 9 cents of it.

I don't use freebitco but have kept up with the drama. I messed around in the past with them and get emails now and then. Is everything back to normal with the site?

That's what it sounds like when the service is working normally. That's why they gained a certain reputation and were considered reliable.
Still, it remains a mystery, that's why it was difficult to publish some information about the status of the service. Upgrading and correcting errors are not bad things, on the contrary.

I got the confirmation mail instantly. Also reaction of the website was different. Before it was not doing anything when I click withdraw.
After that there appear the message confirmation mail sent and it really arrived instantly. When I withdrew everything was smooth last week.

Bustabit no longer allows bankroll investors/participants unless they follow the new KYC rules implemented by the new owner.

They stated they are following legal advice therefore cannot be blamed however they are not asking game players and previous bankroll investors to send KYC. Their KYC rule is specific to new bankroll investors only because they will not allow investors from restricted locations.

Based on the information I have been given, a decentralized web3 casino typically doesn't collect your data such as IP address, name, and location. This means you only need to connect your wallet to start playing and access all the games without any restrictions. However, some slot providers restrict certain regions from playing their slots after collecting their IP address where they know your location, which I believe is the first point where decentralization term falls. Beside this, the KYC process is required for players under any licensed casino operation and currently only casinos with a Curaçao license support cryptocurrencies. Since slot providers like Pragmatic Games require a casino license, it means that the casino cannot be KYC free if he has slots integrated. Therefore, and in my opinion not every casino that allows connections and opening an account through MetaMask or Dapp connections can be considered a web3 casino. This is my understanding so please correct me if I'm mistaken.


The changes I meant here are when they started operating under a Curacao license. I had an account on Freebitco.in around 2015 if I remember well. They never mentioned the KYC process until recently, as you can see in this topic started by Mahdirakib.

FreeBitco.in is no longer a KYC free casino

Are you sure about that? I connected my Metamask wallet to Metawin right now and transferred some Polygon (Matic) from my wallet to Metawin to test your theory. I can confirm that I was able to play slots, live casino games and every casino section that's available on Metawin.

What changes in KYC do you mean? As I remember, they have a Curacao license and can demand KYC documents from users but TheQuin stated that that's most likely not going to happen and that is only a formal statement.

Unfortunately, web3 casinos are not a good business for the owners, since I have recently discussed this with a crypto casino owner and asked why they haven't opened a web3 casino to avoid centralization and KYC protocols. Simply, he said it wouldn’t be profitable for us as much as a normal crypto casino, because slot providers and live casino platforms wouldn’t grant licenses for web3 casinos. He also mentioned that fewer games and options for the players would attract less customers, resulting in lower profits to even sustain the casino alive.

I believe the same thing happened for Freebitco.in team who made these changes of KYC to attract more customers and keep the faucet operating, as otherwise, they might face financial difficulties to even pay their workers and team.

As I have said many times, I'll repeat that Freebitco was promoted by one of the biggest local bank in my country as the source of earning Bitcoins. I believe that their user base was huge at some point but they ruined everything. If I amn't wrong, there was an image posted of freebitco's reserves somewhere on this forum. There was an ETH address shared where Freebitco was holding 10,000 ETH. I repeat, if I amn't wrong cause I don't remember it exactly. If I find it, I'll share it.

They'll be rich, that's guaranteed because they are one of the oldest Bitcoin holders, Doge holders and also one of the oldest crypto casino without a KYC requirement, they also acquired FUN token too. They are rich but I don't understand why should they abandon Freebitco despite the fact how much wealth they have. Rich people never stop, they continue doing business over and over. If they were about to stop, then they wouldn't create Dplay and Club Riches. That's what I don't understand here, everything that happens around Freebitco is very strange and doesn't follow any logic.

They don't even try to recover. A single post from wetsuit or TheQuin that we are working to find a solution and solve your problems, would be enough to recover their reputation and grow further but they are silent.

That pisses me off as well. At the moment, bustabit and bustadice are two crypto casinos without KYC. Btw one thing that gives me hope is web3 casinos.

For a moment keeping aside the KYC and regulation/licence comments you made, the statistics mentioned on the website caught my eye. Can any of the numbers in the screenshot be independently verified? I doubt it.

Of course having 52 million registered users does not mean much if they are not logging in. I think I registered there 5-6 years ago to try to understand how they operated therefore by that definition I am a registered user but I have not logged in and cannot even remember what my login details were (and I have no intention of logging in). Still, I count as a registered user.

Even though they are having multiple issues that have now affected their reputation, they are still open for business.

Both have the same problem: you can't assume either citizens or governments do the right thing in the long term.
What we call "non KYC", most governments call "illegal" nowadays. Even if this site started out for ideological reasons, gaining tens if not hundreds of millions changes someone's perspective. Add the potential pressure from governments, and it may not be worth the hassle anymore.

What pisses me off is that this is a casino with no KYC and no wagering requirements. Another one that has gone back to the old ways, you know who it is? Lightlord, whose casinos are also one of the few left without KYC. And I say it pisses me off because I am one of those people who ideologically believe that things work better when citizens organize themselves without government intervention. I think that was the idea behind the creation of bitcoin, and that's how things worked for the first few years.

What happens is that sometimes reality slaps me in the face, and in cases like this, if they were regulated casinos in first world countries with a license, they would have had state or regulatory intervention a long time ago.

And that is a good argument for those who argue that the state, not the individual, is the best guarantee that things will go well.

I second that, it is almost impossible for any business to recover from this sort of problem, because even if they fix all the issues and everyone is able to withdraw, nearly all of their customers will abandon the platform afterwards, because they would not want to be twice unlucky if it proves to be a recurring issue, coupled with how poorly the casino and its reps handled the problem.

If they decide to abandon the platform, which i think they will, it is only ethical that it should be after all issues have been resolved.

That is the part that puzzles me. Some posts from newbies are making it clear their withdrawals have been completed and they are no longer in dispute with freebitco.in now but we are not hearing anything from the company itself. Basically, if they ensure nobody loses out and all those with balances can withdraw, they probably should unilaterally close down and find another business.

They probably will never be able to recover from the negativity surrounding their brand therefore the best thing could be to simply bow out with some degree of respect and/or honour.

I expect them to quit with honor like how they did with freedoge. Make everyone whole and then do whatever you wanna do with your millions.

There is no need to make people angry. After the recent events I don’t think there are many sane people who are still holding anything considerably big on their platform. The lack of communication is enough to stay away.

In fact, I am still surprised they are still up and paying ( there are reports saying they fixed the withdrawals) even though they don’t say anything at all. So weird.

I don’t really want to be a part of a weird experiment. This can go to any direction and it is most likely, down.