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[Hispo]

Why are people still using this site after so many users posted so many reasons not to?

It should be noted that activity on the site has dropped significantly after various problems began to arise. So I think that many users have already stopped using the site, but at the same time, there are still several users who make deposits on the site despite the warnings posted in this thread. Maybe such users still can't believe that freebitcoin turned into a scam and are still hoping that something will change for the better.

I was surprised to see the notification from this thread after it has been inactive for a while because of the situation of the site, it has stopped functioning for a while now and people have moved on and those that have issues may have not gotten them resolved so we are good to say that nothing positive is happening right now with this site and we should avoid bumping this thread from now hencefort.

I am one of the most active users on this thread and I can tell you that there was never a time this thread became inactive since 2023 (honestly speaking), this thread has always remained on the first page of this board which clearly shows or indicate that forum users are always active and posting here, so you are a bit wrong in this aspect..

But yeah, talk about whether anything positive is happening right now on freebitco?, you are absolutely right, nothing positive is happening on the site but unfortunately, users really can not stop discussing about all the issues they face on the site here on this thread and this is the major reason why the thread have actually remained one of the most active threads on this board..

How freebitco went down is still a mystery to many and this is due to their past reputation, many cant believe the site is done for good and are hear hoping a miracle would happen some day/one of this days.

To me it makes complete sense to continue talking about this casino, whether it is positive or not, a lot of money from victims is at stake and this is not any random service which has withholding those Bitcoins, Freebitcoin used to be one of the most reliable and long standing platforms which people used to trust their coins to, for literally years.
For the sake of truth, helping out victims and finding out what happened, I believe we are not supposed to allow this thread to fall into oblivion... This is not just some random casino which went rogue and stopped all withdrawals, anyone of us would have deposited our money to their wallets not long ago.

The proper conclusion to this thread would be to have people behind the service to be brought before justice and all Bitcoins garnished from them, so victims can get what is it owed to them.

[dimonstration]

To me it makes complete sense to continue talking about this casino, whether it is positive or not, a lot of money from victims is at stake and this is not any random service which has withholding those Bitcoins, Freebitcoin used to be one of the most reliable and long standing platforms which people used to trust their coins to, for literally years.
For the sake of truth, helping out victims and finding out what happened, I believe we are not supposed to allow this thread to fall into oblivion... This is not just some random casino which went rogue and stopped all withdrawals, anyone of us would have deposited our money to their wallets not long ago.

The proper conclusion to this thread would be to have people behind the service to be brought before justice and all Bitcoins garnished from them, so victims can get what is it owed to them.

This makes sense. Becoming silent while this casino facing a lot of issue without any resolve is very dangerous most importantly that there’s a lot of user that still actively depositing balance on the casino without any idea that they can’t withdraw their funds.

It’s normal that this ANN thread to become active because all old bitcoiner that claim faucet use Freebitco.in before. This makes the majority of user here have experience and something to say in the casino for discussion.

This is an OG casino.

[ultrloa]

To me it makes complete sense to continue talking about this casino, whether it is positive or not, a lot of money from victims is at stake and this is not any random service which has withholding those Bitcoins, Freebitcoin used to be one of the most reliable and long standing platforms which people used to trust their coins to, for literally years.
For the sake of truth, helping out victims and finding out what happened, I believe we are not supposed to allow this thread to fall into oblivion... This is not just some random casino which went rogue and stopped all withdrawals, anyone of us would have deposited our money to their wallets not long ago.

The proper conclusion to this thread would be to have people behind the service to be brought before justice and all Bitcoins garnished from them, so victims can get what is it owed to them.

This makes sense. Becoming silent while this casino facing a lot of issue without any resolve is very dangerous most importantly that there’s a lot of user that still actively depositing balance on the casino without any idea that they can’t withdraw their funds.

It’s normal that this ANN thread to become active because all old bitcoiner that claim faucet use Freebitco.in before. This makes the majority of user here have experience and something to say in the casino for discussion.

This is an OG casino.

If people stop discussing about the situation happened maybe there are some gamblers out there might think about that they came back to their normal operation.

That's why its pretty fair to all of people following the developments happening on freebitco.in to discuss everything in their thread. Since for sure lots of people would know the latest update about those situations keeps happening here. That's why somehow I expect that this thread will remain active since there's still lots of people want to discuss those bad situation happening on freebitco.in

So hard for them to redeem their reputation especially that they are not doing anything to help solve those past and present issues.

[Hispo]

To me it makes complete sense to continue talking about this casino, whether it is positive or not, a lot of money from victims is at stake and this is not any random service which has withholding those Bitcoins, Freebitcoin used to be one of the most reliable and long standing platforms which people used to trust their coins to, for literally years.
For the sake of truth, helping out victims and finding out what happened, I believe we are not supposed to allow this thread to fall into oblivion... This is not just some random casino which went rogue and stopped all withdrawals, anyone of us would have deposited our money to their wallets not long ago.

The proper conclusion to this thread would be to have people behind the service to be brought before justice and all Bitcoins garnished from them, so victims can get what is it owed to them.

This makes sense. Becoming silent while this casino facing a lot of issue without any resolve is very dangerous most importantly that there’s a lot of user that still actively depositing balance on the casino without any idea that they can’t withdraw their funds.

It’s normal that this ANN thread to become active because all old bitcoiner that claim faucet use Freebitco.in before. This makes the majority of user here have experience and something to say in the casino for discussion.

This is an OG casino.

Used to be an OG casino, it has unfortunately turned into something else, which does not have anything to do with its original version.

Pretty much what it is supposed to happen is having this thread as a way to warn possible users to stay away from this casino, there will be people who take a look at us talking about the lack of liquidity and the lack of withdrawavals and dodelge the bullet.

In the meantime, I have been searching for news on the internet talking about this situation and I have only found a single blog entry from a blog about all this disaster, bit all people is aware of the problem yet.

[Get-Paid.com]

I have been searching for news on the internet talking about this situation and I have only found a single blog entry from a blog about all this disaster, bit all people is aware of the problem yet.

Have you looked at our thread and warnings from March 2024?
https://bitcointalk.org/index.php?topic=5487189.0

We were attacked for posting this trying to warn other users about it, even bumping the thread repeatedly several times because we knew exactly where it was going:

A post from February 2024:

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

FreeBitco.in - The site is under a serious risk of crashing [Our Opinion]

We posted it back in 2024, warning users about what's going to happen, and also all over our social media.

We tried to warn but the forum members back then were busy attacking our faucets (which are still active and operating normally btw since 2017) and instead of talking about the warnings, people just like to create their own problems.

At least some users who followed us saved themselves from losing tons of $ with this site.


Edit: Adding this to the post:

https://bitcointalk.org/index.php?topic=5487189.msg65572825#msg65572825

Warning from 11 July 2025.
Weeks before they stopped paying.

The warning clearly states:

"With Bitcoin touching almost $120,000 the business model is almost completely broken ... this is really bad news for the founders of the site."

It's too bad many were not listening and were busy bashing our own sites. Don't shoot the messenger next time.

And the text menioned "founders", honestly it should have stated "users" but these are small potatoes.

[GinnyBanzz]

I have been searching for news on the internet talking about this situation and I have only found a single blog entry from a blog about all this disaster, bit all people is aware of the problem yet.

Have you looked at our thread and warnings from March 2024?
https://bitcointalk.org/index.php?topic=5487189.0

We were attacked for posting this trying to warn other users about it, even bumping the thread repeatedly several times because we knew exactly where it was going:

A post from February 2024:

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

FreeBitco.in - The site is under a serious risk of crashing [Our Opinion]

We posted it back in 2024, warning users about what's going to happen, and also all over our social media.

We tried to warn but the forum members back then were busy attacking our faucets (which are still active and operating normally btw since 2017) and instead of talking about the warnings, people just like to create their own problems.


At least some users who followed us saved themselves from losing tons of $ with this site.


Edit: Adding this to the post:

https://bitcointalk.org/index.php?topic=5487189.msg65572825#msg65572825

Warning from 11 July 2025.
Weeks before they stopped paying.

The warning clearly states:

"With Bitcoin touching almost $120,000 the business model is almost completely broken ... this is really bad news for the founders of the site."

It's too bad many were not listening and were busy bashing our own sites. Don't shoot the messenger next time.

And the text menioned "founders", honestly it should have stated "users" but these are small potatoes.

I can assure you, some of us listened. I had close to half a bitcoin in here last year, and after your warning, and also a complete lack of transparency from the Quinn when I asked him about contingency plans for the site, I decided to pull the lot.

I am still waiting a payout, but only for 400,000 sats, already written it off, but i'm just thankful its not a bigger amount.

[logfiles]

I can assure you, some of us listened. I had close to half a bitcoin in here last year, and after your warning, and also a complete lack of transparency from the Quinn when I asked him about contingency plans for the site, I decided to pull the lot.

I am still waiting a payout, but only for 400,000 sats, already written it off, but i'm just thankful its not a bigger amount.

There was a time when the once active supportive, The Quinn, suddenly became inactive and silent regarding any issues that kept popping up. That's when I knew that something was wrong with Freebitco.in

And the worst thing is they wouldn't even alert users what was going on or even promise to rectify it. They would just be quiet for months.

[FinneysTrueVision]

Today they sent 2.5 BTC to Binance and a while later they withdrew $200k USDT from the exchange. They also removed a good portion of the liquidity they had on Uniswap.

[dwyane36]

There was a time when the once active supportive, The Quinn, suddenly became inactive and silent regarding any issues that kept popping up. That's when I knew that something was wrong with Freebitco.in

And the worst thing is they wouldn't even alert users what was going on or even promise to rectify it. They would just be quiet for months.

Minor problems with freebitcoin began to arise several months before TheQuin stopped being active on the forum.
It should also be noted that the freebitcoin PR reported only two months later that TheQuin was no longer active on the forum because he was supposedly focused on preventing some kind of fraud. Personally, I don't really believe this, and I think he just left the team.

[Don Pedro Dinero]

Today they sent 2.5 BTC to Binance and a while later they withdrew $200k USDT from the exchange. They also removed a good portion of the liquidity they had on Uniswap.

So, this guys are taking the piss, aren't they? They do that without processing withdrawals, at least that we know of. I don't know what would have to happen for them to stop scamming people by taking deposits but not processing withdrawals. 

FBC are banned in Australia, Germany and some other countries. I believe Netherlands is one of them, I also believe just a few days ago Italy banned their website.

Yes, but the site is still up and running. Someone mentioned that '.in' is an Indian domain. I don't know if the Indian government can do anything about it, or even the place where they have the licence that was mentioned at some point. Caribbean tax havens allow many things, but they want to give an appearance of legality and should not tolerate this.

[avp2306]

Today they sent 2.5 BTC to Binance and a while later they withdrew $200k USDT from the exchange. They also removed a good portion of the liquidity they had on Uniswap.

So, this guys are taking the piss, aren't they? They do that without processing withdrawals, at least that we know of. I don't know what would have to happen for them to stop scamming people by taking deposits but not processing withdrawals. 

With that action they made it seems that they are pulling out there funds and don't have plans to settle those pending withdrawals happening in their casino.

Better for people to be aware on the situation happened so that they won't joined those people got a problem waiting their withdrawal to get process by this casino.

FBC are banned in Australia, Germany and some other countries. I believe Netherlands is one of them, I also believe just a few days ago Italy banned their website.

Yes, but the site is still up and running. Someone mentioned that '.in' is an Indian domain. I don't know if the Indian government can do anything about it, or even the place where they have the licence that was mentioned at some point. Caribbean tax havens allow many things, but they want to give an appearance of legality and should not tolerate this.

Well if that's really the case people can report it to Indian government so that they can take action. There's good chance that Indian government will take action especially if they see that there's certain issue like scamming happening in this casino. Lots of crypto casino has been banned in their jurisdiction so maybe they can also take action in this issue to.

[mercadomadryn1]

Today they sent 2.5 BTC to Binance and a while later they withdrew $200k USDT from the exchange. They also removed a good portion of the liquidity they had on Uniswap.

https://www.talkimg.com/images/2025/10/21/UM0dw3.jpeg

Hi,

 How i get that information, is that a webpage ? To which binance adress it whent ?
I already started a complain in my local authority , so any information will be nice to add.

Anyone that is starting legal action or complain can join to telegram

Regards

[16xypjnxlrew]

"With Bitcoin touching almost $120,000 the business model is almost completely broken ... this is really bad news for the founders of the site."

Why doesn’t their business model work when the price is $120,000, if they pay a fixed amount in dollars ($0.002; $0.02; $0.20; $2; $20; $200;)?

[Synchronice]

"With Bitcoin touching almost $120,000 the business model is almost completely broken ... this is really bad news for the founders of the site."

Why doesn’t their business model work when the price is $120,000, if they pay a fixed amount in dollars ($0.002; $0.02; $0.20; $2; $20; $200;)?

I'll tell you why their business model won't work and why the price of the Bitcoin matters in this case.
They pay a fixed amount in dollars, as you said but the problem is that they are super low in quantity when converted to Bitcoins. Since Freebitco is a business model where users register and claim a free faucet, it will take them thousands of hours to collect enough money to withdraw them to their Bitcoin address.

When the Bitcoin's price was 100x low than it is today, it was 100 times easier to collect  0.00030000 BTC (which is the min amount necessary for withdraw). That's why their business model doesn't work today.

[Get-Paid.com]

"With Bitcoin touching almost $120,000 the business model is almost completely broken ... this is really bad news for the founders of the site."

Why doesn’t their business model work when the price is $120,000, if they pay a fixed amount in dollars ($0.002; $0.02; $0.20; $2; $20; $200;)?

Synchronice answered it quite well:

I'll tell you why their business model won't work and why the price of the Bitcoin matters in this case.
They pay a fixed amount in dollars, as you said but the problem is that they are super low in quantity when converted to Bitcoins. Since Freebitco is a business model where users register and claim a free faucet, it will take them thousands of hours to collect enough money to withdraw them to their Bitcoin address.

When the Bitcoin's price was 100x low than it is today, it was 100 times easier to collect  0.00030000 BTC (which is the min amount necessary for withdraw). That's why their business model doesn't work today.

As a team who's running 20 faucets, and been doing it since 2017 we can share a few more important details.

The longer you've been running your faucets especially since the 201X years (FreeBitco.in started around 2013) - then the higher your risk is.

Why?

• You have old users who grabbed back then 0.01 BTC which was peanuts back then but nowadays is worth over $1000 - maybe even 1 single roll that a user got back then.
• You offer 50% Referral revenue so effectively this user is putting you not only with a $1000 liability but with additional $500!
• There is lots of fraud when it comes to such things, please read this article:

https://freebitcoin.io/articles/what-happened-to-free-doge

This article is 5 years old and describing what happened to FreeDoge.co.in which was owned by the same people.

If they wanted to save their business the things they should have done are perhaps things like we introduced in our faucets:

• Stop the hourly roll, they could have easily made it a daily roll, one roll a day, or 2-3 times a day, that's more than enough to still be considered as "Free Bitcoin" as it's still given for free, just like what we do.
• Explain your users you're not a bank! Do what CoinPayU for instance did*.
• CoinPayU said if you don't use the account for 90 days - you forfeit your balance! It might seem a bit unfair, but it gives benefits not only to the faucet operator but also to loyal users - why?
• Because those who stay loyal to you keep on being on your site - they should be rewarded. Someone who parked 0.05 BTC and forgot about it and wants to claim it after 2 years - that's not a user that gives you any benefit.
• Monetize the site - these guys barely monetized it with 1 single banner - that's not enough
• Be hands on with your business - provide proper customer service, around the clock, answer users, reply to their tickets, don't leave them hanging

That's what we do.
Can everyone without exceptions be happy with our products? No, but there are many happy users who keep on collecting, withdrawing and it's a far more a fair game.

Happy to answer any other questions if there are any.


*CoinPayU removed this from their terms and conditions since they decided to completely turn off their faucet.

[Hispo]

Today they sent 2.5 BTC to Binance and a while later they withdrew $200k USDT from the exchange. They also removed a good portion of the liquidity they had on Uniswap.

So, this guys are taking the piss, aren't they? They do that without processing withdrawals, at least that we know of. I don't know what would have to happen for them to stop scamming people by taking deposits but not processing withdrawals. 

I mean... If they are already taking Bitcoins out their casino and sending them to Binance, while at the same time withdrawing all liquidity from Uniswap, does not mean they are fully going for a rug pull ?

One thing is not being able to process withdrawavals, for whatever reason. There will be people who will say there is an innocent explanation for that... But removing liquidity from Uniswap is just another level of shadiness, is that is true and people won't have as much liquidity to swap their Fun tokens for other coins on Uniswaps, then it would be fair to say these people have gone completely for an exit scam.

[uche6215]

How freebitco went down is still a mystery to many and this is due to their past reputation, many cant believe the site is done for good and are hear hoping a miracle would happen some day/one of this days.

According to an old saying, " nothing last forever" but how it went is the main issue. I don't think I have made comment here probably in the past but not sure.  I have been seen this thread always on the first page of the board. And upon issues arising in the casino, users are actively discussing matters concerning the casino. I knew that freebitco was one of the best in the forum which was running a signature campaign. But everything just came up and the center could not withheld the structure so it felled apart.
Those people should not think that freebitco will come again and if they comes they have a lot to do to cleans their name and reclaim their reputation back to Status Quo.

[allthebitandbobs]

With that action they made it seems that they are pulling out there funds and don't have plans to settle those pending withdrawals happening in their casino.

Better for people to be aware on the situation happened so that they won't joined those people got a problem waiting their withdrawal to get process by this casino.

It's gone, we already knew that it was gone, and we have the proof that they are gone. I mean what did people expected? A company that decided not to process withdrawals, will suddenly come back and pay everyone? Of course not, the moment they said "we are not giving you your money back" that was it, nothing can be done after that. I know that it's not easy to let go, but we have to accept the reality.

The moment ANY place decides not to process withdrawals, they are gone and they are not coming back. There is really no coming back from not giving people their own money. Remember, while some of these are free money people got from the website, some people actually deposited money too, so it's hard earned money that is gone and freebitco.in I hope gets sued for it at least.

[Agbe]

The moment ANY place decides not to process withdrawals, they are gone and they are not coming back. There is really no coming back from not giving people their own money. Remember, while some of these are free money people got from the website, some people actually deposited money too, so it's hard earned money that is gone and freebitco.in I hope gets sued for it at least.

It has been long I made a post here so I don't know again what is happening here. From your comment, it's like FreeBitco is gone forever with people money. That is very bad of them. Nad if they will come back they have to pay all the outstanding withdrawal. And from the way they left the forum suddenly and their services and behavior after leaving the forum I don't think they would come back again. Those who got the free money from their token or bonuses should not feel bad though all their efforts are vain. 

[FinneysTrueVision]

Hi,

 How i get that information, is that a webpage ? To which binance adress it whent ?
I already started a complain in my local authority , so any information will be nice to add.

Anyone that is starting legal action or complain can join to telegram

Regards

It’s from https://intel.arkm.com/explorer/entity/freebitco-in. I’ve manually labelled some addresses which weren’t already tagged to get a better visualization of their recent movements.

Some addresses that I have added are
bc1q8cld3wpwqqtdq3a92fx9gjqag7en4k9wrnjkfe
0x9577AC11DE84c4efE4f6abC3A131D0f2678eb794

The first is an intermediary wallet that receives BTC from their hot wallet and then transfers it to Binance. The second is the Ethereum wallet they use to provide liquidity on Uniswap. The ETH wallet has also received a lot of USDT from Binance and Bybit.

I'll tell you why their business model won't work and why the price of the Bitcoin matters in this case.
They pay a fixed amount in dollars, as you said but the problem is that they are super low in quantity when converted to Bitcoins. Since Freebitco is a business model where users register and claim a free faucet, it will take them thousands of hours to collect enough money to withdraw them to their Bitcoin address.

When the Bitcoin's price was 100x low than it is today, it was 100 times easier to collect  0.00030000 BTC (which is the min amount necessary for withdraw). That's why their business model doesn't work today.

Their business is centered around gambling. Even in its current state they receive millions of dollars in deposits each month. When they were operating normally, it must have been tens of millions or even hundreds of millions. The amount of time it takes to reach the minimum withdrawal amount works to their benefit, because users will constantly be encouraged to gamble with those funds.

If they wanted to, the site could have kept running for years to come. Things began to fall apart when some large unexplained transfers to CEXs started happening. They kept processing withdrawals for many months, but they essentially became a ponzi, using new deposits to pay withdrawals. Now they have given up on the ponzi altogether and are just redirecting customer funds to Binance.