FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[Get-Paid.com]

Interesting... Would you mind to offer the source of this information?

I just did a search and found the following article.
Freebitco.in operator faces Dutch penalty for illegal games of chance offering


If you try to access freebitco with an IP address from Netherlands, you will get the following message.

"Sorry, this website has been blocked at request of the Kansspelautoriteit (KSA)."

This article is from December 2024 ...

[hosemary]

This article is from December 2024 ...

Yes, I knew that.

Please read the previous posts.
peterb12 posted about the penalty imposed by KSA for freebitco breaking Dutch law and he even mentioned that it happened in 2024.
Hispo asked the source of the news and I just shared that article as a reference.

[FinneysTrueVision]

Interesting... Would you mind to offer the source of this information?
It would be very relevant for people in this thread who are expecting any good news from the administration of this casino.

Though, in my eyes, all the money people trusted to this ecosystem is pretty much gone and there is little we can do. We can only hope the dutch authorities in gambling will step in and enforce their laws against those who defrauded their investors, depositors and gamblers.

It’s from the website of the Dutch gambling authority. The decision to collect payment is from less than a month ago.
https://kansspelautoriteit.nl/aanpak-misstanden/sanctiebesluiten/fbc-0/

Reading through the document, it seems that the authority was not satisfied with just blocking the IP addresses. The only way for them to fully comply would probably be to impose mandatory KYC to make sure Dutch players can’t access the website. They can still appeal the decision, but I don’t see it getting reversed and it might not be worth continuing to fight it, considering the state of the site. They might just pay the fine, declare bankruptcy, and shut everything down.

[Mocny]

Dear Administrators,

I would like to report an abuse I have observed on the platform. In the Wagering Contest and Referral Contest leaderboards, there are accounts with identical or nearly identical BTC values, which strongly suggests they may be controlled by the same person. This way, double rewards can be collected — both as a player and as a referrer.

🔴 Confirmed connections (identical BTC values):
Wagering Contest                   Referral Contest   BTC Amount
#1 — user: 12087831 ----> #1 — user: 9674900   1.44553500
#3 — user: 13704787 ----> #3 — user: 5545001   0.92855500
#6 — user: 6143866   ----> #4 — user: 604354      0.43360500
#7 — user: 1830282   ----> #5 — user: 759411      0.36167000

🟠 Probable connections (very close BTC values):
Wagering Contest                     Referral Contest                 BTC Amount — comparison
#2 — user: 4153011     ----> #2 — user: 523820                  1.30082000 vs 1.30227000
#8 — user: 9111058     ----> #7 — user: 2325580                  0.33740500 vs 0.33807000
#10 — user: 41711326 ----> #10 — user: 41225330              0.30000000 vs 0.30010000

https://imgur.com/a/DRgfkdZ

📌 Comment

In total, there are 4 confirmed connections and 3 highly probable ones.
This is absolutely not a coincidence where several accounts suddenly became active, each having only one referral, and “by chance” they all started playing on the site and made it to the leaderboard. Such things simply do not happen. I am convinced that these are multi-accounts and that behind them stands one person or a small group.

Another issue I want to raise

Another topic I want to raise concerns a very serious matter for which I have not received any response for several months, despite sending many messages to both freebitco.in support and the $FUN token support team, since the issue also concerns them. Despite many attempts to contact, I still have not received ANY reply from anyone. The matter is serious and concerns a backdoor on the freebitco.in website. I will not write more details here for now, maybe this time someone from support or administration will respond to my messages, where I presented everything in detail supported with evidence and screenshots. If I do not receive any reply, the whole matter will become very loud across all media outlets. I hope we can reach an agreement, dear support, and I can recover all my money that I deposited on freebitco.in, which I am currently unable to withdraw.

Tickets for which I have not received any reply:

#23298638: Contact Form Message - 55437998
#11666328: Contact Form Message - 55124696

ps. I strongly suggest taking this matter seriously...



Best regards

[ESG]

I have recommended this site to many, In the beginning,
the functionality of the site was very good.

I remember that a friend had a problem with 2fa, he called me by message, I told him to send an email, he did, he got a way to reset the 2FA, clicking on an email link for fifteen days,..
 I remember that he  lose to click it one day,
and sent me an email again,
and I told him to contact the site and finally, he got it.
...
, but about three years ago. I indicated it to a colleague, and he forgot the password,.... and asked for help from me, he had not used 2fa, he is a simple person, he did not write down the credentials, he told me that he memorized and did not forget., and I had to go to his house in another city, 35km from here where I live. because he didn't even know how to reset the password.... I went there and was unsuccessful, but I asked to wait, after about six months, I went there again and we couldn't, I went back home and came here in the thread, I said, but no one from support answered, and they(some 's here) said that the part of the site that remained the password was right and working, but it wasn't, over time, People came here with the same problem.
...
And the years have passed, and now many are speaking out in authority Speaking of the registry, the 'whois', or some way to find them, This is not easy, it is easier to go after those who bought it, because from what I understand, they renewed other domains, except Freebitco In, I think that whoever bought it will register, and I think that one of the buyers can be, Funtoken Team, or Binance, so it is easier, these two have to have contact with them, and the authorities have a way to make them talk!
But paying for lawyers to do this service will not be cheap.

.

_______________________________________________________________________________ ______________

Dear Administrators,

I would like to report an abuse I have observed on the platform~(.-----X-----).~~ Despite many attempts to contact, I still have not received ANY reply from anyone. The matter is serious and concerns a backdoor on the freebitco.in website. I will not write more details here for now, maybe this time someone from support or administration will respond to my messages, where I presented everything in detail supported with evidence and screenshots. If I do not receive any reply, the whole matter will become very loud across all media outlets. I hope we can reach an agreement, dear support, and I can recover all my money that I deposited on freebitco.in, which I am currently unable to withdraw.

Tickets for which I have not received any reply:

#23298638: Contact Form Message - 55437998
#11666328: Contact Form Message - 55124696

ps. I strongly suggest taking this matter seriously...

📧 email: xxxxxx

Best regards
,
...

....
I suggest you edit your email, to avoid spamming and scamming to your side.

[Hispo]

... They might just pay the fine, declare bankruptcy, and shut everything down.

They could have done that already of they wanted to and wished not to continue to fool people around on the internet, in my opinion. They are going to pay the fine, because the name of their casino is still worth something, in the eyes of those who don't know what is going on, after the pay the fine, the most likely scenario would be them trying to operate longer, holding withdrawals and praying for more uninformed people to provide more liquidity to their casino.

Dutch authorities of Curaçao should already investigate all this mess and review the licensing given by this website, keeping in mind all this scandal.

[Mocny]

... They might just pay the fine, declare bankruptcy, and shut everything down.

They could have done that already of they wanted to and wished not to continue to fool people around on the internet, in my opinion. They are going to pay the fine, because the name of their casino is still worth something, in the eyes of those who don't know what is going on, after the pay the fine, the most likely scenario would be them trying to operate longer, holding withdrawals and praying for more uninformed people to provide more liquidity to their casino.

Dutch authorities of Curaçao should already investigate all this mess and review the licensing given by this website, keeping in mind all this scandal.

They will never shut down this site because they are making millions from it. They are exploiting a backdoor and generating hundreds of millions of $FUN tokens out of thin air. The business is simply too big. The best part is that nothing shows up on the blockchain, and bringing those tokens onto an exchange is no problem at all. This scheme has been running ever since the issues on the site first appeared.

[FinneysTrueVision]

They will never shut down this site because they are making millions from it. They are exploiting a backdoor and generating hundreds of millions of $FUN tokens out of thin air. The business is simply too big. The best part is that nothing shows up on the blockchain, and bringing those tokens onto an exchange is no problem at all. This scheme has been running ever since the issues on the site first appeared.

They could be selling FUN tokens on the site that only exist on paper, that part is true, but I don’t understand what you mean by bringing those tokens onto an exchange. The volume might look inorganic on Binance, and that might be because of wash trading, but I would assume that every token traded is backed by real deposited tokens held in their reserves.

If FreeBitco.in continues operating, they are risking serious legal problems. They could start doing KYC, but that’s expensive, and the longer they continue to delay withdrawals, the fewer people there will be willing to make deposits.

[AFUcrania]

You can't just list a token on Binance. There are many factors and one of the main ones is that need for Binance to provide a report on the development of the project once every two weeks. Also, in order to list a token on Binance, as a rule, you need to pay a lot of money and this amount can be around half a million dollars just for the listing. Any token listed on Binance has liquidity and without liquidity, Binance simply won't let it through.

[whitcomb90]

Why worry about a backdoor when the casinos are walking out the front door with everyone's deposits?

[Saint-loup]

Nice find but I hope you should delete the name of the person for his privacy and just pursue contacting him privately. Just give us update on what’s going on because for sure he knew someone on freebitco.in team.

I thought they are completely anonymous so I’m surprised seeing them participating on convention like that.

What worries me now is the casino probably change ownership since the old PR here back in 2019 is not active anymore.

I agree with you this kind of informations should normally be posted in the Investigations board instead. Because it's a protected section not readable from outside the forum. People need to be connected to access it (with a member rank). I'm a bit surprised that nobody has opened a thread on the case there, up to now. Many important and useful informations have been posted on the current thread since several weeks but they are already lost in the flood because they are not centralized.

1. Personal information must be confined to the new "investigations" board (under Scam Accusations), which is only visible to Members and above. Personal information is defined as anything which links a user's online identity (username, email, etc.) to their meatspace identity, excluding links that the person himself has posted. It is not allowed to post somebody's personal information in any other public place, including in signatures.

[Mocny]

They will never shut down this site because they are making millions from it. They are exploiting a backdoor and generating hundreds of millions of $FUN tokens out of thin air. The business is simply too big. The best part is that nothing shows up on the blockchain, and bringing those tokens onto an exchange is no problem at all. This scheme has been running ever since the issues on the site first appeared.

They could be selling FUN tokens on the site that only exist on paper, that part is true, but I don’t understand what you mean by bringing those tokens onto an exchange. The volume might look inorganic on Binance, and that might be because of wash trading, but I would assume that every token traded is backed by real deposited tokens held in their reserves.

If FreeBitco.in continues operating, they are risking serious legal problems. They could start doing KYC, but that’s expensive, and the longer they continue to delay withdrawals, the fewer people there will be willing to make deposits.

They operate by minting a large number of $FUN tokens and then transferring them to wallets, exchanges, etc. I do not know where the tokens come from — whether they are taken from some existing pool or additionally generated — and it will be hard to detect because there is no trace of this on the blockchain. Try it yourself and you will see that the wallet only shows an incoming transfer to the wallet on freebitco.in, and when you sell on the site or buy there, there is no visible record. In theory the tokens still appear on Etherscan as being in the wallet, but in practice you no longer have them because you sold them on freebitco.in. The situation is similar if you buy their tokens for BTC: officially no purchase is visible because it is done internally on the platform, and only when you withdraw to your wallet or to an exchange does the whole transaction appear on the blockchain. What happens inside the service is invisible to users, which means the administrators have enormous influence over the entire $FUN token ecosystem: they can mint at will, send tokens to exchanges, and manipulate the price without any consequences. You cannot prove anything because nothing appears in official reports. Therefore it can be stated that this is a typical money-printing scheme or possibly a laundering operation, which falls under serious criminal offenses covered by law. If I cannot reach an agreement with support, do not receive any response, and they continue to ignore the whole matter, I will publish more information on every forum I know and will refer the case to the appropriate authorities, who will investigate thoroughly and hold all persons involved accountable.

[AFUcrania]

They operate by minting a large number of $FUN tokens and then transferring them to wallets, exchanges, etc. I do not know where the tokens come from — whether they are taken from some existing pool or additionally generated — and it will be hard to detect because there is no trace of this on the blockchain. Try it yourself and you will see that the wallet only shows an incoming transfer to the wallet on freebitco.in, and when you sell on the site or buy there, there is no visible record. In theory the tokens still appear on Etherscan as being in the wallet, but in practice you no longer have them because you sold them on freebitco.in. The situation is similar if you buy their tokens for BTC: officially no purchase is visible because it is done internally on the platform, and only when you withdraw to your wallet or to an exchange does the whole transaction appear on the blockchain. What happens inside the service is invisible to users, which means the administrators have enormous influence over the entire $FUN token ecosystem: they can mint at will, send tokens to exchanges, and manipulate the price without any consequences. You cannot prove anything because nothing appears in official reports. Therefore it can be stated that this is a typical money-printing scheme or possibly a laundering operation, which falls under serious criminal offenses covered by law. If I cannot reach an agreement with support, do not receive any response, and they continue to ignore the whole matter, I will publish more information on every forum I know and will refer the case to the appropriate authorities, who will investigate thoroughly and hold all persons involved accountable.

I think the easiest thing to do is to complain to Binance so that they can conduct an investigation and block these tokens.
I have never had FUN tokens, I don’t track them and I don’t know how they work, so I won’t write there, since I won’t be able to explain anything to them properly.

[Hispo]

They will never shut down this site because they are making millions from it. They are exploiting a backdoor and generating hundreds of millions of $FUN tokens out of thin air. The business is simply too big. The best part is that nothing shows up on the blockchain, and bringing those tokens onto an exchange is no problem at all. This scheme has been running ever since the issues on the site first appeared.

They could be selling FUN tokens on the site that only exist on paper, that part is true, but I don’t understand what you mean by bringing those tokens onto an exchange. The volume might look inorganic on Binance, and that might be because of wash trading, but I would assume that every token traded is backed by real deposited tokens held in their reserves.

If FreeBitco.in continues operating, they are risking serious legal problems. They could start doing KYC, but that’s expensive, and the longer they continue to delay withdrawals, the fewer people there will be willing to make deposits.

That is exactly which came to my mind, actually... If they were printing FUN tokens out of nowhere and they tried to get rid of them by selling them for Bitcoin or stablecoins, they the volume would show on the the Blockchain or at least, on order books of those centralized exchanges they would need to sell all those artificial tokens.

Anyways, at the pace and with the reputation of the casino going south so fast and with no single signal to reverse all this situation, it seems to me a shutdown in the future is very likely, we all can just wonder who long they will be able to keep the façade of legitimacy facing uninformed gamblers.

[Mocny]

I think the easiest thing to do is to complain to Binance so that they can conduct an investigation and block these tokens.
I have never had FUN tokens, I don’t track them and I don’t know how they work, so I won’t write there, since I won’t be able to explain anything to them properly.

I will do the same if I cannot reach an agreement and do not recover my deposited funds. On Binance and on every other exchange listing $FUN tokens, everything evaporated long ago and the pump is over. Some of the tokens are probably still sitting in wallets, and some were sold. A large amount of tokens likely passed through Dplay.casino, which I suspect acted as a small laundering operation for them, and they suddenly disappeared with a lot of cash. I was banned on Dplay.casino and on freebitco.in at the same time, and the funds that were in the process of being withdrawn were blocked and seized by the casino. A few days later the casino stopped operating, and they probably split the big money. I have all the information, screenshots, wallet addresses, transactions, and even videos showing how it all looked. This is really about big money — millions of dollars. I only want to recover my several tens of thousands of dollars; I do not care about the rest.

That is exactly which came to my mind, actually... If they were printing FUN tokens out of nowhere and they tried to get rid of them by selling them for Bitcoin or stablecoins, they the volume would show on the the Blockchain or at least, on order books of those centralized exchanges they would need to sell all those artificial tokens.

Anyways, at the pace and with the reputation of the casino going south so fast and with no single signal to reverse all this situation, it seems to me a shutdown in the future is very likely, we all can just wonder who long they will be able to keep the façade of legitimacy facing uninformed gamblers.

Their time is running out and approaching fast... I suggest withdrawing significant funds from this platform while there is still time, because their downfall could come suddenly, just like in the case of Dplay.casino...
There will be a way to prove everything...

[FinneysTrueVision]

They operate by minting a large number of $FUN tokens and then transferring them to wallets, exchanges, etc. I do not know where the tokens come from — whether they are taken from some existing pool or additionally generated — and it will be hard to detect because there is no trace of this on the blockchain. Try it yourself and you will see that the wallet only shows an incoming transfer to the wallet on freebitco.in, and when you sell on the site or buy there, there is no visible record. In theory the tokens still appear on Etherscan as being in the wallet, but in practice you no longer have them because you sold them on freebitco.in. The situation is similar if you buy their tokens for BTC: officially no purchase is visible because it is done internally on the platform, and only when you withdraw to your wallet or to an exchange does the whole transaction appear on the blockchain. What happens inside the service is invisible to users, which means the administrators have enormous influence over the entire $FUN token ecosystem: they can mint at will, send tokens to exchanges, and manipulate the price without any consequences. You cannot prove anything because nothing appears in official reports. Therefore it can be stated that this is a typical money-printing scheme or possibly a laundering operation, which falls under serious criminal offenses covered by law. If I cannot reach an agreement with support, do not receive any response, and they continue to ignore the whole matter, I will publish more information on every forum I know and will refer the case to the appropriate authorities, who will investigate thoroughly and hold all persons involved accountable.

New tokens can’t be minted because they resigned ownership over the smart contract. Selling paper coins is bad in and of itself, but it’s not the same as minting new tokens. They have certainly done some shady things, including price manipulation, but they can’t just make millions of tokens appear on their exchange balance out of nowhere unless there was direct collusion with the exchange.

Big price pumps have almost always been preceded by large on-chain transfers to Binance, so I don’t believe fake tokens are being sold outside of FreeBitco.in. We know that FreeBitco.in’s wallets are practically empty so anyone still buying tokens on there is just throwing money away.

[Get-Paid.com]

I think the easiest thing to do is to complain to Binance so that they can conduct an investigation and block these tokens.

Good idea 💡

[Saint-loup]

Interesting... Would you mind to offer the source of this information?
It would be very relevant for people in this thread who are expecting any good news from the administration of this casino.

Though, in my eyes, all the money people trusted to this ecosystem is pretty much gone and there is little we can do. We can only hope the dutch authorities in gambling will step in and enforce their laws against those who defrauded their investors, depositors and gamblers.

It’s from the website of the Dutch gambling authority. The decision to collect payment is from less than a month ago.
https://kansspelautoriteit.nl/aanpak-misstanden/sanctiebesluiten/fbc-0/

Reading through the document, it seems that the authority was not satisfied with just blocking the IP addresses. The only way for them to fully comply would probably be to impose mandatory KYC to make sure Dutch players can’t access the website. They can still appeal the decision, but I don’t see it getting reversed and it might not be worth continuing to fight it, considering the state of the site. They might just pay the fine, declare bankruptcy, and shut everything down.

I didn't understand that. I understood they got this fine (and not a bigger one) because FBC blocked Dutch IP addresses but they took too much time for doing it according to this Dutch authority.
I don't think it's a legal decision anywhere else than in Netherlands actually because AFAIK it's the only country who has issued a fine to FBC for that. Most countries when they think a website is illegal or dangerous for their citizens just tell local ISPs to block it.
In addition I don't think they have any legal way to recover this fine without bringing the case to a Curraçoan court or at least a similar authority, and if the Curraçoan law doesn't give fines for having a gambling site accessible to Dutch citizens, FBC won't have to pay anything at the end.
Anyway, I hope it's not because of this dubious decision from Netherlands that users from all other countries in the world can't withdraw their funds anymore  

[shield132]

Interesting... Would you mind to offer the source of this information?
It would be very relevant for people in this thread who are expecting any good news from the administration of this casino.

Though, in my eyes, all the money people trusted to this ecosystem is pretty much gone and there is little we can do. We can only hope the dutch authorities in gambling will step in and enforce their laws against those who defrauded their investors, depositors and gamblers.

It’s from the website of the Dutch gambling authority. The decision to collect payment is from less than a month ago.
https://kansspelautoriteit.nl/aanpak-misstanden/sanctiebesluiten/fbc-0/

Reading through the document, it seems that the authority was not satisfied with just blocking the IP addresses. The only way for them to fully comply would probably be to impose mandatory KYC to make sure Dutch players can’t access the website. They can still appeal the decision, but I don’t see it getting reversed and it might not be worth continuing to fight it, considering the state of the site. They might just pay the fine, declare bankruptcy, and shut everything down.

Freebitco recently got banned in Germany, too, as I remember. I didn't know about the Netherlands ban. Now I think that maybe wetsuit and TheQuin don't post on this forum because they want to pretend like they are no longer on this forum. We all remember that the Dutch authorities came on this forum twice, when they seized mixers. Maybe that's why Freebitco owners no longer visit this forum. At some point, I thought that they had some kind of accident or health issues, or maybe one of them died but now I think that these two bans, one from Germany and one from the Netherlands, make sense.
Btw it's not hard to fix this. They need to implement KYC and it will be better for their business model too because their faucet is heavily abused by bots and they have admit multiple times that it's hard for them to control it.

[dwyane36]

I think the easiest thing to do is to complain to Binance so that they can conduct an investigation and block these tokens.
I have never had FUN tokens, I don’t track them and I don’t know how they work, so I won’t write there, since I won’t be able to explain anything to them properly.

If Binance starts an investigation and finds serious violations, it may lead not only to the blocking of tokens but also to the delisting of the FUN token. As you understand, this could have negative consequences, as the price of FUN would likely drop further. Additionally, users whose FUN tokens are still locked on the freebitcoin site won't be particularly happy about it.