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

[ONDRA]

Guys, file these complaints. It's fine to give up on your money, I certainly have, but the only real pull you have is to sik law enforcement on these people. The only justification to pursue them is volume of complaints. There may be a 0% chance of getting your money back, but it is pretty much completely certain that the main people involved can be found and put in a world of hurt by authorities. They're not masterminds and they almost certainly were sloppy somewhere. The only thing keeping law enforcement from finding them is whether there's enough pressure. The users are the only people in the world who can create that pressure.

I personally would love to see it and my lost funds are the price of admission. Don't pay for the ticket without getting to see the show, file the reports.

Victims of the platform freebitco.in, which is withholding their BTC, are strongly advised to file a complaint with IC3 (ic3.gov) and FinCEN (https://ois.fincen.gov/contact/
) – you can verify the site via Google.

I have already received a response by email with a case/reference number confirming that they will review my situation. All you need to do is state that your funds are being withheld, specify the amount, include your USER ID, and that’s it – they already have the rest of the information. It only takes a few minutes.

If you don’t file a complaint, you will most likely never see your BTC again – it’s up to you.

P.S. Make sure to take screenshots of your withheld funds, USER ID, and everything still visible on your account page!! Do this before the website shuts down and disappears. That will be your only evidence.

Who has already filed a complaint? As I wrote there, I already received a reply with my complaint ID.
I strongly advise to do so on: (https://ois.fincen.gov/contact/) – you can verify the site via Google.
You will receive a reply within a few day or weeks. It is the best and only way how to get your money back.

[Shishir99]

There can be many theories on what actually happen between Fun token and those who were behind Freebitcoin. What I think it makes more sense is imagining Fun started as a very small project which actually caught the attention of millions within both the world of gambling and also alt-coin investing, Freebitcoin realized how much potential and attention this project had, so they associated with them secretly and got stakes on the developing team and the direction of the project.

As part of this deal (which the general public had no idea about), Freebitcoin has bestowed with a very substantial amount of Fun tokens, so they could be distributed and integrated within the system of the casino. All this story does not have any sense if Freebitcoin did not have any involvement within the development and direction of Fun, because a casino as big as FB would not pay attention to a token if they did not have something to get out of them, they were a business after all, before they turned into the scam we all witness today unfolding before our very own eyes.

I don't know what actually happened, but I want to believe that Freebitco.in has a connection to the Fun token developers, or that they actually own the Fun token themselves, but they never disclosed it. We all know how they have been doing since the last few years. Yet, we see new accounts coming to this forum and sharing how they got scammed by Freebitco.in team. People are now stuck with this scammy website. Some are unable to withdraw their money, some are not getting any replies from them, and some are still joining the website. I hope people do some research before they sign up for this platform.

[ONDRA]

There can be many theories on what actually happen between Fun token and those who were behind Freebitcoin. What I think it makes more sense is imagining Fun started as a very small project which actually caught the attention of millions within both the world of gambling and also alt-coin investing, Freebitcoin realized how much potential and attention this project had, so they associated with them secretly and got stakes on the developing team and the direction of the project.

As part of this deal (which the general public had no idea about), Freebitcoin has bestowed with a very substantial amount of Fun tokens, so they could be distributed and integrated within the system of the casino. All this story does not have any sense if Freebitcoin did not have any involvement within the development and direction of Fun, because a casino as big as FB would not pay attention to a token if they did not have something to get out of them, they were a business after all, before they turned into the scam we all witness today unfolding before our very own eyes.

I don't know what actually happened, but I want to believe that Freebitco.in has a connection to the Fun token developers, or that they actually own the Fun token themselves, but they never disclosed it. We all know how they have been doing since the last few years. Yet, we see new accounts coming to this forum and sharing how they got scammed by Freebitco.in team. People are now stuck with this scammy website. Some are unable to withdraw their money, some are not getting any replies from them, and some are still joining the website. I hope people do some research before they sign up for this platform.

Not "some people" but nobody is able to withdraw BTC or FUN tokens back. It is one company.
I strongly advise to file a legal complaint: (https://ois.fincen.gov/contact/) – you can verify the site via Google.
You will receive a reply within a few day or weeks. It is the best and only way how to get your money back.

[dwyane36]

I hope people do some research before they sign up for this platform.

By the way, it’s strange that there is still a registration form for new users, considering that it’s been several months since they announced their plans to shut down the site. What’s more, it’s amusing that the counters on the Freebitcoin homepage, showing the total number of registered users and the total number of games played, are still active. To be honest, I don’t believe these counters are displaying accurate information at this point.

[hosemary]

What’s more, it’s amusing that the counters on the Freebitcoin homepage, showing the total number of registered users and the total number of games played, are still active. To be honest, I don’t believe these counters are displaying accurate information at this point.

Those counters have never been accurate. Just reload the page and you will see that the numbers drop.
According to TheQuin's old post, those numbers are updated once an hour and the increase you see there is not real.

[Hispo]

. It is the best and only way how to get your money back.

It is good to keep people optimistic, but let us be also a bit realistic. within the history of crypto scams, there have been many examples of the bad guys getting away with blatant theft. Do you remember the case of Onecoin? it was a literal ponzi, many people fell for it and there are still many people at large who have never been gotten any punishment.

So while, it is good for people to report what happened to their money to their local and international authorities, it is also good to be realistic and understand there is a good chance we will never see that money back, at all not the one hundred percent of it.

Thankfully, these people have left some clues around the internet, so inevitably the chances to get to those involved are not zero.

[BADERO]

What’s more, it’s amusing that the counters on the Freebitcoin homepage, showing the total number of registered users and the total number of games played, are still active. To be honest, I don’t believe these counters are displaying accurate information at this point.

Those counters have never been accurate. Just reload the page and you will see that the numbers drop.
According to TheQuin's old post, those numbers are updated once an hour and the increase you see there is not real.

Yes, it is clearly a marketing trick, but how did no one notice it until now?

[STT]

It was known that it was not real time figures.  The explanation given many years ago is it was a depiction of the gains to the site.    It was never linked directly or intended to be taken literally, marketing and now completely wrong of course.   It was discussed many times on this thread over the years, its fairly normal occurrence in marketing obviously now it's not acceptable but nothing is.

[Hispo]

It was known that it was not real time figures.  The explanation given many years ago is it was a depiction of the gains to the site.    It was never linked directly or intended to be taken literally, marketing and now completely wrong of course.   It was discussed many times on this thread over the years, its fairly normal occurrence in marketing obviously now it's not acceptable but nothing is.

Are you talking about the real time number of gains of the website or the allegedly real time withdrawals which were displayed on the website in order to gain trust from potential gamblers who could have been interested in depositing their money?
Last time I checked Freebitcoin, they did not have such a feature of showing off real time numbers on their withdrawals.

Perhaps, it is because last time I checked the casino was a long time ago, way before they started to show problems with their withdrawals and liquity on both Bitcoin and Fun token.

[maydna]

It was known that it was not real time figures.  The explanation given many years ago is it was a depiction of the gains to the site.    It was never linked directly or intended to be taken literally, marketing and now completely wrong of course.   It was discussed many times on this thread over the years, its fairly normal occurrence in marketing obviously now it's not acceptable but nothing is.

Are you talking about the real time number of gains of the website or the allegedly real time withdrawals which were displayed on the website in order to gain trust from potential gamblers who could have been interested in depositing their money?
Last time I checked Freebitcoin, they did not have such a feature of showing off real time numbers on their withdrawals.

Perhaps, it is because last time I checked the casino was a long time ago, way before they started to show problems with their withdrawals and liquity on both Bitcoin and Fun token.

Although no one know, we can conclude that they made a huge gains of the website especially they ran the site since a long time. We don't have the real numbers but we can guessing that is huge.

They run away with the money without anyone can get their funds back. Leaving their members with pain in their head as I guess many of them use big money to gamble or just investing in their site.

[Text]

do you play the games being promoted on their footer?

[Fivestar4everMVP]

It was known that it was not real time figures.  The explanation given many years ago is it was a depiction of the gains to the site.    It was never linked directly or intended to be taken literally, marketing and now completely wrong of course.   It was discussed many times on this thread over the years, its fairly normal occurrence in marketing obviously now it's not acceptable but nothing is.

Are you talking about the real time number of gains of the website or the allegedly real time withdrawals which were displayed on the website in order to gain trust from potential gamblers who could have been interested in depositing their money?
Last time I checked Freebitcoin, they did not have such a feature of showing off real time numbers on their withdrawals.

Perhaps, it is because last time I checked the casino was a long time ago, way before they started to show problems with their withdrawals and liquity on both Bitcoin and Fun token.

If that is exactly what he's talking about, then I do not think it's a freebitco problem alone, there are several casinos I usually comes across and see those rolling numbers of how much deposits they have received overtime, how much money has won and withdrawn from the casino and how many number of active players the casino have.

I've always doubted the numbers I see on the casino stats in this regard, but I usually conclude that it's nothing but for marketing reasons, most casinos will lie in this area to gain trust from intending or potential users who may be visiting the casino for the first time..
Freebitco does have this type of stats but it's obviously a lie..

[Soonandwaite]

that guy hasn't been active here for 30 months and that Shot site doesn't exist anymore either. i'm surprised there are so many spam posts here every day.
Failbtc    is dead and won't be coming back. maybe we should close this thread.


source: https://bitcointalk.org/index.php?action=profile;u=154142 

[dwyane36]

Although no one know, we can conclude that they made a huge gains of the website especially they ran the site since a long time. We don't have the real numbers but we can guessing that is huge.

They run away with the money without anyone can get their funds back. Leaving their members with pain in their head as I guess many of them use big money to gamble or just investing in their site.

Maybe the freebitcoin team just ran off with users' money, but personally, I get the impression that they ran into financial trouble, which ultimately led to them shutting down. These suspicions started to arise after they stopped drawing the Lambo lottery.

[Slow death]

To be completely fair to them, if we look back at the landscape when this transition happened you have to give credit where credit is due and it was a brilliant business idea at the time and it worked flawlessly for years
Even if the chart looks grim today or the tokenomics feel heavy handed now, the initial integration of FUN was a masterstroke

In my opinion, if it had truly been a masterstroke, the site would still be functioning well today, and the token as well. The problem with these greedy and scamming crypto users is that they create tokens or use tokens in unnecessary places. Why use a token in a casino when Bitcoin and altcoins exist? This idea of ​​turning a casino into an investment site creates problems.

As a result, it's unclear whether it will still be a casino or an investment site. Gambling is a form of entertainment; it doesn't make sense to put investment-related things there. It doesn't matter what kind of scheme is used, like getting people to play a certain game and be rewarded with a token, then having to exchange the token for something else. Honestly, they create so many unnecessary things just to give the token a use, but in the end, it all fails.

[Shishir99]

Yes, it is clearly a marketing trick, but how did no one notice it until now?

It's not like no one noticed it. As you can see in this thread, several people already mentioned that it was known. Even their own representative confirmed that the number shown on the homepage is not real-time and drops when you refresh the page. They said this back in 2019. I was also amazed to see how their numbers are increasing. But I have also come to know that those numbers are not real, actually.

As a result, it's unclear whether it will still be a casino or an investment site. Gambling is a form of entertainment; it doesn't make sense to put investment-related things there. It doesn't matter what kind of scheme is used, like getting people to play a certain game and be rewarded with a token, then having to exchange the token for something else. Honestly, they create so many unnecessary things just to give the token a use, but in the end, it all fails.

A lot of casinos are launching with their native tokens now, and they try to convince casino players to invest in them. Some of them offer high ROI on staking. Some new casinos offer dividends on holding their tokens. The reason is simple, the casinos want to make extra profit out of the tokens.

[virasog]

A lot of casinos are launching with their native tokens now, and they try to convince casino players to invest in them. Some of them offer high ROI on staking. Some new casinos offer dividends on holding their tokens. The reason is simple, the casinos want to make extra profit out of the tokens.

Yes, the main beneficiary of the casino token is the casino itself, as they have free tokens with them and they need to create its value, and the more valuable the token is, the more profitable the casino can benefit from that token.

There are two schemes that most of the token creators use to provide value to the token, the first is staking, and the other is the buy-back scheme. Freebitco was involved in providing staking of Fun token and that was the only platform where gamblers could keep their FUN token and earn rewards. Sadly, Freebitco was first to stop the withdrawal of FUN tokens and a lot of investors were left empty handed as they couldn't withdraw.

[PendingForever]

I am sure there were some very clever actors and insiders which managed to get a lot of money with the selling of this token in the spot market.
Since the beginning, I saw some signals of market manipulation with this token, the way it's price increased with no actual reason, and the way small investors got crushed, while whales and the casino itself continued to profit...
Not even mentioning investors and little players were encouraged to stake and not to touch their tokens at all, for the sake of rewards...

If I'm not mistaken, the last noticeable manipulation of the FUN token price occurred last summer, when, shortly after its listing on Poloniex, the FUN token price was sharply pumped first to 2.7 cents and then just as sharply dumped back down. Listing on an exchange like Poloniex alone couldn’t have caused that pump, especially since it was pretty clear even then that Freebitcoin was going to scam people. In other words, there really was no reason to pump the FUN token at that time.

Ah last summer... this is when I withdraw 50 000 FUN from my Freebitco account. I have never received them  .

Now 50 000 FUN is pretty much worthless.

[LTU_btc]

Yes, it is clearly a marketing trick, but how did no one notice it until now?

It wasn't secret, some people noticed it because it was mentioned in this topic several years ago. But I don't think that these things like fake live stats matters much or change anything.

do you play the games being promoted on their footer?

Offcourse no, why I should?

[BADERO]

A lot of casinos are launching with their native tokens now, and they try to convince casino players to invest in them. Some of them offer high ROI on staking. Some new casinos offer dividends on holding their tokens. The reason is simple, the casinos want to make extra profit out of the tokens.

Yes, the main beneficiary of the casino token is the casino itself, as they have free tokens with them and they need to create its value, and the more valuable the token is, the more profitable the casino can benefit from that token.

There are two schemes that most of the token creators use to provide value to the token, the first is staking, and the other is the buy-back scheme. Freebitco was involved in providing staking of Fun token and that was the only platform where gamblers could keep their FUN token and earn rewards. Sadly, Freebitco was first to stop the withdrawal of FUN tokens and a lot of investors were left empty handed as they couldn't withdraw.

Any time you park your crypto on a custodial betting site to earn a few extra percent in yield, you are taking on a massive risk and effectively giving them an unsecured loan and casino tokens should be viewed as digital arcade tickets they really are fine to hold temporarily to get a lower house edge, cashback, or some free spins, but treating an unregulated casino's native utility token as a long term investment is a recipe for getting rekt