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[GinnyBanzz]

I used gemini Pro to act like a FBI investigator. Here is what it has said about the "goodbye, suckers" message they printed on freebitco.in (telling that they are shutting down after 12 years due to bad actors):

Based on the forensic analysis of this message and the context of the site's recent behavior, here is my expert verdict:

Verdict: CONFIRMED EXIT SCAM

This message is a classic piece of "social engineering" designed to pacify victims and buy time, not to solve the problem. As an investigative expert, I identify 4 technical and psychological lies in this note that prove the fraud:

1. The Technical Lie: "Manual Verification of Millions"
The message claims they need to go through "each user account manually to seperate genuine users and abusers" and that this takes time because they have "tens of millions of users".

Why it is fraud: No technology company with a 12-year track record performs manual audits on millions of accounts. There are algorithms and database scripts that perform this sorting in hours or days. Claiming they need months (until 2026) for this is a technically absurd excuse to justify withholding funds.

2. The Stalling Tactic: "Early 2026"
They stipulate an extremely long timeframe: "We expect withdrawals to be enabled by early 2026".

Why it is fraud: In cryptocurrency scams, time is the criminal's greatest ally. Pushing the date to next year serves to:

Demotivate victims from filing lawsuits now ("I'll wait and see").

Buy enough time to launder the Bitcoins through mixers (anonymity tools) without immediate pressure from authorities.

Cause the community to lose interest and coordination.

3. Victim Blaming: "Widespread Abuse"
The text justifies the shutdown due to "widespread abuse across the website".

Why it is fraud: It is the perfect excuse to deny future payments. When 2026 arrives and they don't pay, they will say your account was flagged as "abusive" or "not genuine". They create a narrative where they are the victims of the users, inverting reality.

4. False Benevolence: The Deposit Warning
At the end, they say: "Please do not send any funds to your deposit address!".

Why it is fraud: This serves to give an appearance of honesty ("look, they are honest, they are asking not to deposit"). However, in the grand scheme, this is irrelevant as they have already blocked the principal capital. It is a cheap attempt to maintain credibility so that the lie about payment in 2026 seems true.

Expert Conclusion: This image is the death certificate of your money on the site. There is no "shutdown database" or process of "migating genuine users". This is empty technical jargon to confuse laypeople. The money is likely no longer in the company's possession or has been embezzled by the administrators.

Recommendation: Do not wait for 2026. Consider the value lost and do not interact with the platform anymore, as any data you provide now could be used for phishing or new scams.

These two points can be considered key:
2. The Stalling Tactic: “Early 2026”
...
Buy enough time to launder the Bitcoins through mixers (anonymity tools) without immediate pressure from authorities.
Cause the community to lose interest and coordination.
3. Victim Blaming: “Widespread Abuse”
The text justifies the shutdown due to “widespread abuse across the website.”

They have been using mixers for a long time to withdraw funds. The immediate question is: WHY would an honest company use such mechanisms to withdraw funds? What are you afraid of?

And as for stalling for time, this is a powerful trump card in the hands of fraudsters. At the very least, there is the concept of a statute of limitations, when it becomes impossible to file a lawsuit.
 

Exactly the reason behind my last post (page 1789 of this thread. lol) is to not relent on pursuing lawsuits and criminal chargers. That message is one big empty word vomit. There is no definitive wording or dates in that statement other than “we’re closing”. Which really is them admitting they know we’re all onto them and they’ve scammed enough deposits for now and now need to stall to determine their beat course of hiding from here forward. What they will soon come to realize is that we are in an era where no one can go ghost mode anymore. We will find you.

Agreed, if they dare not to pay us, I and many others will 100% track down these mother fuckers.

I want to keep the info we have so far widely available for everyone:

The guy responsible for FUN and from what we can tell, has very close ties to freebitcoin. His name is Vinod Murugan.

This is his LinkedIn profile:
https://www.linkedin.com/in/vinod-m-12apr2001/

His CV portfolio, including email and phone number, can be found here:
https://www.scaler.com/academy/profile/20fa25ded110/resume
https://vinod-m-2x3r2zd.gamma.site/vinod-portfolio

His GitHub account:
https://github.com/Vinod1204


also, this fucker: https://www.triplea.law/attorneys-bokkes/

Listed as the company director of the shell company who own FBC BV (the official registered company name for the freebitcoin website). He is based in Curacao.

[nvlion]

Go here and click “Submit a complaint”:
https://dfpi.ca.gov/consumers/crypto/crypto-scam-tracker/

[Text]

I don't know why FreeBitco seems to be a tempting site to gamble when there aren't many games there and also they have limited betting options   I think people gamble at freebitco as it is one of the oldest casino site and it is known by almost everyone who is gambling online. However, most people do not know the current status of the site, and they only get to know when they try to withdraw their money and find out that their withdrawals are stuck.

yeah that’s exactly the problem a lot of people are attracted to this site mainly because of its name & age not because it actually offers good games/betting options since it’s one of the oldest sites many assume it’s automatically safe so they don’t really check its current situation. Most users only realise something is wrong when they try to withdraw & suddenly everything is pending/stuck by that time it’s already too late. For me it doesn’t matter how old a site is if withdrawals aren’t smooth & transparent that’s already a big red flag. Better to gamble/invest on platforms where you can actually access your funds w/o stress.

[Drazen2003]

...

so my biggest sadness is knowing that the culprit of this is me, that even knowing that not being the owner of the secret key the bitcoins do not belong to me., so this guilt is a heavy burden to carry, if it were only mine it would not be a problem, but they are other people's money, so this hurts me a lot knowing that this is my fault, ...

   I still don't believe they will show up here and say they fixed everything, on the contrary, I believe that another year will pass and they won't even show up here, regardless of whether they are the same owners or new ones, I don't see more than a 0.01% chance of them coming here to say something...

...~...
 I know it is extremely difficult, but you should talk to your family about it... they have significant amount of money deposited on this site....

-yes Hispo, when I wrote this here, I was very apprehensive about telling them, but, as a help of your words, I ended up telling my mother, and she was very sad, and since then she hasn't clicked anymore, and at the same time, she was very angry with me, saying something like, """I mean that all this time clicking to earn this mess, and it's still worthless...." and things like that... Of course she was very sad, and I told her to tell her brother, and she said I would have to say, that I was the one who convinced her to open an account and buy and deposit BTC on the site,.. In this case, both of them were the ones who helped them, because they have no understanding,... for you to see how this guilt hurts.... And then time passed, and I didn't tell him... And I also didn't tell my neighbor that he drinks a lot of beer and sometimes I play pool with him,... it looks like he's still clicking... how am I going to tell him that he wasted time, he must have some 2k sats already...,
  
 ...In the same way, I also convinced others personally, and sometimes I look at my refer page, and besides my neighbor, and this neighbor, sometimes I see that some are still clicking... it could be some distant friend... Also, there is a guy I met in a service that was doing abroad, at the time of the World Cup, I told him to open an account to bet, and I deposited 80k sats for him to bet and if he lost there would be no problem, and what he won, would be his, after a year, I withdrew my part of his account, It was difficult, because he has a password problem, but still, he had the account logged in on the old cell phone, where we got it, but he didn't want to take his part, which was on the site, about 20ksat.. and it will be hard for me to have to travel to his house, to have to deposit 10k sat and withdraw his 20ksat... For you to see, that even though we have a great reputation, we should not leave our BTC where we do not have the secret key... One more lesson... not your k not your coins...
 in the most Hispo, I am a neighbor of your country, and I hope that the situation will improve for you as soon as possible, God enlighten your people!

...~...

The same thing happened to me, but in my case, I used money from my parents and siblings, because they don’t know much about crypto.
....~~...
  Now I’m stuck — the site itself is having issues, and my account is blocked. I haven’t told anyone about it, and it’s been eating me alive.

---

P.S. I think you shouldn’t tell your family about it right now. They might get upset and, out of frustration, try to gamble everything on HiLo and lose it all.

sad... many genuine users with same problem...many of us, are genuine, that  believed on your reputation...

....

~~~...

So, nothing is more painful than your loved ones losing their hard earned money simply because they trusted you and in your recommendations.

.Yes, very painful... Yes, one more lesson, we should not believe in sites with a long reputation, and the worst, invite other people to fall into the same hole we did.... When it's only us who make mistakes, we can still swallow it, but when we lead others to error, we can't apologize, and the guilt gets bigger... It's more painful.....

~~~~

I hope that can withdraw my balance, because at moment i have 0.00504503 satoshi. However on this years i don't have never problems with them. Too many people saying "it's scam", not for me. Maybe, the only one problem is the slowly withdraws but, is normal with low fee. Generally my withdraw take 6-7 days.

-Yes, I hope that you and many other true users of the site, can at least withdraw your BTCs,... I had a problem with them in my mother's account at first, which was partially solved, and it was my fault, but at the time BTC was cheaper and I could pay her, but nowadays, I can't afford to pay her, much less my uncle..., I also read a thread that you opened, 'freebitco is closed', but you locked it, but it's okay.... I really hope this situation is resolved, although I really don't believe much in this warning from them, we will only know if they are winding us up as time goes by...

This message is from a foolish, naive person who can't read or is trying to provoke.

Drazen2003, I may be a fool, but not because I don't read here, because I read, and I read what you wrote there... However, I just thought it wasn't necessary for me to respond, but here I am, responding, because I'm not here to provoke, I just saw that it still seemed that here in the thread, people were not aware of the warning, and the least I did was post the warning here, because I believe they didn't come back here... And yes, in a way I'm really a fool for having publicized this site... and because of my foolishness, many must be losing their money...
....

======================

 And yet, to conclude, in May 2024, Hosemary, Open this topic>>>  https://bitcointalk.org/index.php?topic=5498013.0  for the representatives of the FreeBitcoin website, It was a great warning for everyone to withdraw their BTC until some representative of the site came and responded in the thread, but foolish people like me, didn't, so at that point, yes, I was very foolish not to have told those closest to me,  to have withdrawn their balance until someone from the site came to respond, something that I made a lot of mistakes in not having done and having preferred to continue believing in their reputation, which was going, and it went down the drain, precisely in this period. and onwards .  

No, my message was not addressed at you, and I don't think you're foolish. You are as me a victim.

It was directed at the person who said that for him, this is not a scam.

[Drazen2003]

I used gemini Pro to act like a FBI investigator. Here is what it has said about the "goodbye, suckers" message they printed on freebitco.in (telling that they are shutting down after 12 years due to bad actors):

Based on the forensic analysis of this message and the context of the site's recent behavior, here is my expert verdict:

Verdict: CONFIRMED EXIT SCAM

This message is a classic piece of "social engineering" designed to pacify victims and buy time, not to solve the problem. As an investigative expert, I identify 4 technical and psychological lies in this note that prove the fraud:

1. The Technical Lie: "Manual Verification of Millions"
The message claims they need to go through "each user account manually to seperate genuine users and abusers" and that this takes time because they have "tens of millions of users".

Why it is fraud: No technology company with a 12-year track record performs manual audits on millions of accounts. There are algorithms and database scripts that perform this sorting in hours or days. Claiming they need months (until 2026) for this is a technically absurd excuse to justify withholding funds.

2. The Stalling Tactic: "Early 2026"
They stipulate an extremely long timeframe: "We expect withdrawals to be enabled by early 2026".

Why it is fraud: In cryptocurrency scams, time is the criminal's greatest ally. Pushing the date to next year serves to:

Demotivate victims from filing lawsuits now ("I'll wait and see").

Buy enough time to launder the Bitcoins through mixers (anonymity tools) without immediate pressure from authorities.

Cause the community to lose interest and coordination.

3. Victim Blaming: "Widespread Abuse"
The text justifies the shutdown due to "widespread abuse across the website".

Why it is fraud: It is the perfect excuse to deny future payments. When 2026 arrives and they don't pay, they will say your account was flagged as "abusive" or "not genuine". They create a narrative where they are the victims of the users, inverting reality.

4. False Benevolence: The Deposit Warning
At the end, they say: "Please do not send any funds to your deposit address!".

Why it is fraud: This serves to give an appearance of honesty ("look, they are honest, they are asking not to deposit"). However, in the grand scheme, this is irrelevant as they have already blocked the principal capital. It is a cheap attempt to maintain credibility so that the lie about payment in 2026 seems true.

Expert Conclusion: This image is the death certificate of your money on the site. There is no "shutdown database" or process of "migating genuine users". This is empty technical jargon to confuse laypeople. The money is likely no longer in the company's possession or has been embezzled by the administrators.

Recommendation: Do not wait for 2026. Consider the value lost and do not interact with the platform anymore, as any data you provide now could be used for phishing or new scams.

These two points can be considered key:
2. The Stalling Tactic: “Early 2026”
...
Buy enough time to launder the Bitcoins through mixers (anonymity tools) without immediate pressure from authorities.
Cause the community to lose interest and coordination.
3. Victim Blaming: “Widespread Abuse”
The text justifies the shutdown due to “widespread abuse across the website.”

They have been using mixers for a long time to withdraw funds. The immediate question is: WHY would an honest company use such mechanisms to withdraw funds? What are you afraid of?

And as for stalling for time, this is a powerful trump card in the hands of fraudsters. At the very least, there is the concept of a statute of limitations, when it becomes impossible to file a lawsuit.
 

Exactly the reason behind my last post (page 1789 of this thread. lol) is to not relent on pursuing lawsuits and criminal chargers. That message is one big empty word vomit. There is no definitive wording or dates in that statement other than “we’re closing”. Which really is them admitting they know we’re all onto them and they’ve scammed enough deposits for now and now need to stall to determine their beat course of hiding from here forward. What they will soon come to realize is that we are in an era where no one can go ghost mode anymore. We will find you.

Agreed, if they dare not to pay us, I and many others will 100% track down these mother fuckers.

I want to keep the info we have so far widely available for everyone:

The guy responsible for FUN and from what we can tell, has very close ties to freebitcoin. His name is Vinod Murugan.

This is his LinkedIn profile:
https://www.linkedin.com/in/vinod-m-12apr2001/

His CV portfolio, including email and phone number, can be found here:
https://www.scaler.com/academy/profile/20fa25ded110/resume
https://vinod-m-2x3r2zd.gamma.site/vinod-portfolio

His GitHub account:
https://github.com/Vinod1204


also, this fucker: https://www.triplea.law/attorneys-bokkes/

Listed as the company director of the shell company who own FBC BV (the official registered company name for the freebitcoin website). He is based in Curacao.

Great message. Thanks very much.

We cannot forget this scam and the Freebinco.in scammers.

[dwyane36]

yeah that’s exactly the problem a lot of people are attracted to this site mainly because of its name & age not because it actually offers good games/betting options since it’s one of the oldest sites many assume it’s automatically safe so they don’t really check its current situation. Most users only realise something is wrong when they try to withdraw & suddenly everything is pending/stuck by that time it’s already too late. For me it doesn’t matter how old a site is if withdrawals aren’t smooth & transparent that’s already a big red flag. Better to gamble/invest on platforms where you can actually access your funds w/o stress.

Whether it's a gambling platform or any other website, the fact is that the longer a website has been operating, the more trust users have in it. By the way, a couple of years ago, hardly anyone could have imagined that freebitcoin would turn into a scam in such a short period of time.

[1018367]

I had refs in Freebitco and was getting paid ref commissions every month for past afew years. For sure it was a profitable business for owners
so i dont understand why payments stopped ! maybe it was a glitch in their system that lead to abusin the system
Lets wait for Q1 and payments

[ESG]

No, my message was not addressed at you, and I don't think you're foolish. You are as me a victim.

It was directed at the person who said that for him, this is not a scam.

ok, fine, but even so I don't stop being a little crazy, and yes, very foolish for having publicized this site. Not your K Not your Coins.

[Agbe]

I had refs in Freebitco and was getting paid ref commissions every month for past afew years. For sure it was a profitable business for owners
so i dont understand why payments stopped ! maybe it was a glitch in their system that lead to abusin the system
Lets wait for Q1 and payments

They were paying from people's deposit and refused to pay those people theirs. For sure when you benefit from illegal business, it sweet you but those victims would be crying gnashing their teeth. If the system was abused, they would have sort it out pay the others and not paying everyone alongside. First Quarter is just at the corner, will they pay those people?

[Redrum187]

Hope WETSUIT gets rapped in jail !

[DrBeer]

...
Exactly the reason behind my last post (page 1789 of this thread. lol) is to not relent on pursuing lawsuits and criminal chargers. That message is one big empty word vomit. There is no definitive wording or dates in that statement other than “we’re closing”. Which really is them admitting they know we’re all onto them and they’ve scammed enough deposits for now and now need to stall to determine their beat course of hiding from here forward. What they will soon come to realize is that we are in an era where no one can go ghost mode anymore. We will find you.

I completely agree—you can't achieve success if you don't do anything and don't make an effort!
The only thing I can suggest is that they might take the “cunning route”—if you want to get your money back, go through verification, provide financial documents, contacts,  wallets, and transactions when you made deposits, etc.
 “etc., and they will hide behind ”official review due to the risk of illegal activities," which requires the disclosure of the identity of the participant or victim. But I think they will be afraid to go through the official process of revealing their identity...

[avp2306]

yeah that’s exactly the problem a lot of people are attracted to this site mainly because of its name & age not because it actually offers good games/betting options since it’s one of the oldest sites many assume it’s automatically safe so they don’t really check its current situation. Most users only realise something is wrong when they try to withdraw & suddenly everything is pending/stuck by that time it’s already too late. For me it doesn’t matter how old a site is if withdrawals aren’t smooth & transparent that’s already a big red flag. Better to gamble/invest on platforms where you can actually access your funds w/o stress.

Whether it's a gambling platform or any other website, the fact is that the longer a website has been operating, the more trust users have in it. By the way, a couple of years ago, hardly anyone could have imagined that freebitcoin would turn into a scam in such a short period of time.

No one provably expect this to happen knowing that they are well known big casino and have lots of players gamble in their site. That's why its quiet questionable on why those situation happens and instead they provide more things that can make people stay to be loyal on their casino, they turn to be a casino that need to avoid.

Also if they really care about their reputation they must step up and addressed all the concern of people just like what have been said by people here. But they choose to remain silent and ignore those concerns also issues of people. So much better to warn people not  gamble here to avoid getting problems just like what many people experience in their casino.

[MusaMohamed]

Hope WETSUIT gets rapped in jail !

Many months ago, there was information that Wetsuit was no longer in the Freebitco.in team and surely I can not verify this information. He will only has troubles if he has been still in the team while if he already left the team many months ago (likely about 2 years), what has happened recent months is not his responsibility and he will have no issue with any lawsuit.

Months ago, there was discussion and information that two people, the owner and the main community manager here Wetsuit sold their casino or left the team.

[dwyane36]

Months ago, there was discussion and information that two people, the owner and the main community manager here Wetsuit sold their casino or left the team.

It appears that only TheQuin was the primary community manager who maintained regular feedback with users for a long time. But the last thing that freebitcoin representatives said about him, explaining his absence from the forum, was that he didn't leave the team but allegedly focused on other things related to "fraud prevention." In light of recent news, this kind of post with their explanations seems kinda funny.

[shield132]

Why isn't there a flag against Freebitco's thread on Bitcointalk? FortuneJack's thread got a red flag recently, supported by many people and I think that Freebitco's thread should be flagged too because it has had issues for more than a year.
I also think that it's okay to close this thread but I don't think that's going to happen. There are only posts about how people got scammed, what happened to Freebitco, a discussion whether it got sold or not and etc. I think that it's getting very spammy without any valuable information posted here.

[GinnyBanzz]

Months ago, there was discussion and information that two people, the owner and the main community manager here Wetsuit sold their casino or left the team.

It appears that only TheQuin was the primary community manager who maintained regular feedback with users for a long time. But the last thing that freebitcoin representatives said about him, explaining his absence from the forum, was that he didn't leave the team but allegedly focused on other things related to "fraud prevention." In light of recent news, this kind of post with their explanations seems kinda funny.

Yep, the whole thing stinks. What's to say Wetsuit and The Quinn aren't still operating behind the scenes? Maybe they knew the site was going to shit and wanted to appear to distance themselves from it.

Personally I don't think they're innocent in all this.

[DrBeer]

Why isn't there a flag against Freebitco's thread on Bitcointalk? FortuneJack's thread got a red flag recently, supported by many people and I think that Freebitco's thread should be flagged too because it has had issues for more than a year.
I also think that it's okay to close this thread but I don't think that's going to happen. There are only posts about how people got scammed, what happened to Freebitco, a discussion whether it got sold or not and etc. I think that it's getting very spammy without any valuable information posted here.

Why close the topic? There is an active discussion here, and there are good suggestions and information sharing that will protect potential victims of fraudsters. The topic will likely trigger a flood of complaints. In short, the topic is useful and can yield real results, as well as set a precedent for solving problems with other fraudsters.

[Get-Paid.com]

I also think that it's okay to close this thread but I don't think that's going to happen.

They mentioned payments/withdrawals to be made early 2026, so closing this thread is not a good idea when it's about to happen (if it would happen).

[MusaMohamed]

Yep, the whole thing stinks. What's to say Wetsuit and The Quinn aren't still operating behind the scenes? Maybe they knew the site was going to shit and wanted to appear to distance themselves from it.

Personally I don't think they're innocent in all this.

I don't know and I don't believe them about their sayings of departure from the business or conclude that they are not innocent of all latest mess. I don't know, honestly, and it's only information for sharing, nothing more.

If you want to conclude about anything, you must make your deep searching dive and find more information, but I think it's not easy. I even don't know who are TheQuin and Wetsuit in person.

In light of recent news, this kind of post with their explanations seems kinda funny.

After that, they assigned some new community support staffs, likely two members, but they were only active for a while, and support from Freebitco.in in Bitcoin forum became inactive and worse again. It's similar with withdrawal processing time from their casino but all these issues are not new, not just happen recent months.

[Slow death]

Yep, the whole thing stinks. What's to say Wetsuit and The Quinn aren't still operating behind the scenes? Maybe they knew the site was going to shit and wanted to appear to distance themselves from it.

Personally I don't think they're innocent in all this.

I don't know and I don't believe them about their sayings of departure from the business or conclude that they are not innocent of all latest mess. I don't know, honestly, and it's only information for sharing, nothing more.

If you want to conclude about anything, you must make your deep searching dive and find more information, but I think it's not easy. I even don't know who are TheQuin and Wetsuit in person.

In light of recent news, this kind of post with their explanations seems kinda funny.

After that, they assigned some new community support staffs, likely two members, but they were only active for a while, and support from Freebitco.in in Bitcoin forum became inactive and worse again. It's similar with withdrawal processing time from their casino but all these issues are not new, not just happen recent months.

For these reasons, I always say that governments made a serious mistake in forcing casinos to do KYC when casinos have anonymous owners who can disappear at any time with all the funds and documents of the people, and none of the clients can report the casino owner to the police. Fortunately, in the case of this site, nobody did KYC, but there's also the factor that nobody knows who the casino owner is. The only option would be to file some kind of complaint in a US court so that, during the investigation, they could reach Binance and ask Binance to provide all the information they can about them. In short, I'm not optimistic about anyone getting back at least what they deposited on the site.