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[pawanjain]

Just my opinion, but fining a scam casino and it's operators is a completely different thing from going after them and getting them into account by some actual theft and fraud charges.
Perhaps that is why they decided to vanish completely and change their name, because they don't have any intention to pay those fines, so they declared themselves to be done on paper, so they can avoid paying those fines and continue to scam people by using a completely different name and brand (but keeping the same interface, since they are basically the same people and the same business model).
I believe they are the same people because the shutting down of Freebitcoin and opening of Drop BTC seem to be rather more than a coincidence.

Or may be it's someone who's grabbing this opportunity to lure the users from freebitco.in to their scam site.
May be their whole intent is to scam those users while using the same interface as freebitco.in.
I don't think freebitco.in owners would be so stupid to use the same interface if their sole intent is to scam the users.

[Hispo]

Just my opinion, but fining a scam casino and it's operators is a completely different thing from going after them and getting them into account by some actual theft and fraud charges.
Perhaps that is why they decided to vanish completely and change their name, because they don't have any intention to pay those fines, so they declared themselves to be done on paper, so they can avoid paying those fines and continue to scam people by using a completely different name and brand (but keeping the same interface, since they are basically the same people and the same business model).
I believe they are the same people because the shutting down of Freebitcoin and opening of Drop BTC seem to be rather more than a coincidence.

Or may be it's someone who's grabbing this opportunity to lure the users from freebitco.in to their scam site.
May be their whole intent is to scam those users while using the same interface as freebitco.in.
I don't think freebitco.in owners would be so stupid to use the same interface if their sole intent is to scam the users.

Well, to me that theory does not make much sense at all. Because people who get scammed off their money do not immediately seek other services in order to continue to risk whatever they have left, you know?
Usually, people who have been scammed feel bad about themselves, depressed and helpless, it is a mental state which does not invite to continue to gamble or participate in lotteries like those being offered by Freebitcoin clones.

I still believe those are the same people who scammed our and other communities with their silly FUN token and also took millions in BTC.

[Haunebu]

It’s a shame about this site—given how important it was to this forum and to the history of Bitcoin—to end up like this. This reminds me of 1xBit; I’m not exactly sure if they’ve had similar clone sites over the years like in this case, but they’ve for sure used similar tactics to lure in unsuspecting users. They set up a site, and once it’s clear it’s a scam, they either launch another one or spend a fortune on ads for new sites to attract fresh, unsuspecting victims to fleece.

It's a shame for sure, but I couldn't care less about how they ended up when there are so many of their victims out there who ended up in far, far worse situations. 1xbit was a scam site from the get go though they had 1xbet's backing and that helped them immensely.

Am just hoping sites like Polymarket etc don't go down the same route in the future due to various reasons.

[uneng]

It’s a shame about this site—given how important it was to this forum and to the history of Bitcoin—to end up like this. This reminds me of 1xBit; I’m not exactly sure if they’ve had similar clone sites over the years like in this case, but they’ve for sure used similar tactics to lure in unsuspecting users. They set up a site, and once it’s clear it’s a scam, they either launch another one or spend a fortune on ads for new sites to attract fresh, unsuspecting victims to fleece.

It's a shame for sure, but I couldn't care less about how they ended up when there are so many of their victims out there who ended up in far, far worse situations. 1xbit was a scam site from the get go though they had 1xbet's backing and that helped them immensely.

Am just hoping sites like Polymarket etc don't go down the same route in the future due to various reasons.

Freebitco.in was the last time I invested Bitcoin in third party platforms for interest. Thankfully I didn't lose anything this time, because I cashed out funds at the first signal there was something wrong going on, but if I had delayed a little more, I would have lost a very considerable portion of my holdings. It made me realize nothing in this internet is safe at all as even a reputable website which was working nicely for more than 10 years ended up in a scam scandal.

[arwin100]

It’s a shame about this site—given how important it was to this forum and to the history of Bitcoin—to end up like this. This reminds me of 1xBit; I’m not exactly sure if they’ve had similar clone sites over the years like in this case, but they’ve for sure used similar tactics to lure in unsuspecting users. They set up a site, and once it’s clear it’s a scam, they either launch another one or spend a fortune on ads for new sites to attract fresh, unsuspecting victims to fleece.

It's a shame for sure, but I couldn't care less about how they ended up when there are so many of their victims out there who ended up in far, far worse situations. 1xbit was a scam site from the get go though they had 1xbet's backing and that helped them immensely.

Am just hoping sites like Polymarket etc don't go down the same route in the future due to various reasons.

They can already survive for many years if they just run a honest business with their existing gamblers and also with their community.

But they choose to be an evil here, then decide to take all the money of their depositor.

This incident gives us a reminder that even if they are already old or big platform, there's till tendencies that they might turn scam.

1xbet is always brought up as example and I understand why people always remember them here, since they really made a huge scam to lots of people here.

On polymarket case, much better to make the situation happen between those two scam side as reminder not to fully trust them with their huge funds. So deposit only what they can afford to lose or bet on that day to avoid same issues with existing victims of 1xbet and freebitco.in.

[Hispo]

It’s a shame about this site—given how important it was to this forum and to the history of Bitcoin—to end up like this. This reminds me of 1xBit; I’m not exactly sure if they’ve had similar clone sites over the years like in this case, but they’ve for sure used similar tactics to lure in unsuspecting users. They set up a site, and once it’s clear it’s a scam, they either launch another one or spend a fortune on ads for new sites to attract fresh, unsuspecting victims to fleece.

It's a shame for sure, but I couldn't care less about how they ended up when there are so many of their victims out there who ended up in far, far worse situations. 1xbit was a scam site from the get go though they had 1xbet's backing and that helped them immensely.

Am just hoping sites like Polymarket etc don't go down the same route in the future due to various reasons.

I am not sure how it would be possible for Polymarket to committ such huge mistakes so they would find themselves in a situation and start to scam their clients and traders.
Though, I believe the lesson to learnt from all this situation with Freebitcoin, is how no service or company is too big to fail.
They had a lot of money, reputation and recognition, in the same manner prediction markets have today and they managed to blew it all for their greed and because they did not want to adopt a better business model in the long term.

In the end, we need to keep our coin in our wallets and safeguard our own coins, never to use casinos and prediction markets as a wallet .

[FinneysTrueVision]

Or may be it's someone who's grabbing this opportunity to lure the users from freebitco.in to their scam site.
May be their whole intent is to scam those users while using the same interface as freebitco.in.
I don't think freebitco.in owners would be so stupid to use the same interface if their sole intent is to scam the users.

There are copycats that pop up every now and then. They usually disappear after a few months. There was this Ponzi scheme in 2020 that was offering 18% monthly interest and they had almost the exact same interface as FreeBitco.in.

https://bitlist.co/post/54732013

Copying the look of another website is very easy, especially now with AI coding tools. My intuition is that DropBTC is probably an unrelated scam.

[DrBeer]

...

In this case, the problem can only be solved by fulfilling two conditions:
- joining forces,
- continuous efforts on all fronts.
It is possible to ignore one or two petitioners, but mass petitions and constant, unabating demands for the enforcement of legal rights will yield results.
I would also add the need to constantly inform the general public about the nature of the crime, the individuals involved, and other relevant information - information that will create very uncomfortable conditions for the criminals.

The biggest obstacle in this case is the same obstacle in other cryptocurrency cases of massive theft... People have seen several times how scammers get away with getting all the money and people quickly lose all hope and move on, it has happened with scams on YouTube, fishing scams and also with fake casinos. So victims of Freebitcoin have this pre-established idea on how dire and helpless this situation is... And I don't blame them.

This is a situation which plays in the advantage of those scammers and time also helps them.
I will leave my bad review on trust pilot so people know this new service is nothing more than the same scammers trying to wash their image so they can keep their theft.

In fact, this is a "classic problem"" where people "give up" and accept the situation, that we can't do anything to fix it, and... give the scammer a perfect opportunity to avoid the punishment they deserve. As I wrote earlier, this is exactly what scammers are counting on as they do everything they can to distract attention and drag things out...

[Hispo]

...


In fact, this is a "classic problem"" where people "give up" and accept the situation, that we can't do anything to fix it, and... give the scammer a perfect opportunity to avoid the punishment they deserve. As I wrote earlier, this is exactly what scammers are counting on as they do everything they can to distract attention and drag things out...

That is why we are not supposed to under-estimate the seriousness of this situation. This is like the MT gox of the world of gambling, if you asked me.
I would personally not stop talking bout this case and also keep myself up-to-date, until those responsible for this theft meet their destiny and get prosecuted.
Even if I did not lost anything, just some old empty account I had on Freebitcoin, I feel there is a sense of duty any honest Bitcoiner and gambler is supposed to have and give a minimum of attention to this scam.

[Betwrong]

These scammers that used names “wetsuit”and “TheQuin” here must be punished.

~

Until it's proven otherwise, it doesn't change the fact they are scammers. If they sold the platform to someone else they should have announced it to their customers. ~

I agree with this. That's it's done in normal businesses - customers are notified about changing the owners. If not notifying was part of the deal, so that it would be easier to scam remaining customers, then it makes them scammers, “wetsuit”and “TheQuin”. I'm not saying they should be hanged, but they surely have to be made accountable. Maybe the owner should be fined or something, and the money should be given to the customers according to their loss.

[Synchronice]

...


In fact, this is a "classic problem"" where people "give up" and accept the situation, that we can't do anything to fix it, and... give the scammer a perfect opportunity to avoid the punishment they deserve. As I wrote earlier, this is exactly what scammers are counting on as they do everything they can to distract attention and drag things out...

That is why we are not supposed to under-estimate the seriousness of this situation. This is like the MT gox of the world of gambling, if you asked me.
I would personally not stop talking bout this case and also keep myself up-to-date, until those responsible for this theft meet their destiny and get prosecuted.
Even if I did not lost anything, just some old empty account I had on Freebitcoin, I feel there is a sense of duty any honest Bitcoiner and gambler is supposed to have and give a minimum of attention to this scam.

Just posting here about scammers alone is not gonna help us. We need to have a plan and those, who are victims, should gather together and support the plan together. Honestly, I'm not a victim of Freebitco because when I noticed things were going wrong, I immediately withdrew my coins, so I don't have a proof that I became their victim but the sad part is that I have no idea how to force authorities to shake their head and do something. By the way, I'm sure authorities won't do anything for those who lost a couple of hundred or thousand dollars but if there are people who lost significant amount of money, like, $100k and so on, the more they are, the higher the chance authorities do something, especially if they are from the same country.

[arwin100]

Until it's proven otherwise, it doesn't change the fact they are scammers. If they sold the platform to someone else they should have announced it to their customers. ~

I agree with this. That's it's done in normal businesses - customers are notified about changing the owners. If not notifying was part of the deal, so that it would be easier to scam remaining customers, then it makes them scammers, “wetsuit”and “TheQuin”. I'm not saying they should be hanged, but they surely have to be made accountable. Maybe the owner should be fined or something, and the money should be given to the customers according to their loss.

Unfortunately no announcement happened. If wetsuit also TheQuin like to protect themselves towards this huge issue, they should explain everything here and defend themselves that they don't have any involvement with this recent controversy.

But they are so silent, that's why there's no clarification with those issue thrown against them.

I also think that compensation or refunds will not going to happen now. Since it seems many of their victim choose to move on. Then again this scam platform easily escape without facing any legal charges.

[citywise2]

I don't get it, when a company has grown so big and lots of viable products out there, why would they still settle to scam and run with people money when they can even make more staying on? Only justification I can think of is that, they fully understand the wrong  they are doing and don't want the law to catch up with them. They started when Bitcoin was still struggling  to put it's feet down and many people stayed in solidarity to Bitcoin and not necessarily the site.

[DrBeer]

...


In fact, this is a "classic problem"" where people "give up" and accept the situation, that we can't do anything to fix it, and... give the scammer a perfect opportunity to avoid the punishment they deserve. As I wrote earlier, this is exactly what scammers are counting on as they do everything they can to distract attention and drag things out...

That is why we are not supposed to under-estimate the seriousness of this situation. This is like the MT gox of the world of gambling, if you asked me.
I would personally not stop talking bout this case and also keep myself up-to-date, until those responsible for this theft meet their destiny and get prosecuted.
Even if I did not lost anything, just some old empty account I had on Freebitcoin, I feel there is a sense of duty any honest Bitcoiner and gambler is supposed to have and give a minimum of attention to this scam.

It is important that the fight against scammers be waged not just by a few victims, but by as many people as possible. I’ll say it again: a criminal who goes unpunished is a criminal who has been given free rein to commit further crimes. I’ll repeat one point again: a criminal who goes unpunished is a criminal who has been given free rein to commit further crimes. Ideally, this information should be shared not only in this thread but also on other platforms, social media, and other relevant forums.

[Hispo]

Just posting here about scammers alone is not gonna help us. We need to have a plan and those, who are victims, should gather together and support the plan together. Honestly, I'm not a victim of Freebitco because when I noticed things were going wrong, I immediately withdrew my coins, so I don't have a proof that I became their victim but the sad part is that I have no idea how to force authorities to shake their head and do something. By the way, I'm sure authorities won't do anything for those who lost a couple of hundred or thousand dollars but if there are people who lost significant amount of money, like, $100k and so on, the more they are, the higher the chance authorities do something, especially if they are from the same country.

I believe people who lost hundreds of dollars of even some thousands could make their lost money count if it is presented all together before authorities, it is not the same to steal ten bucks some someone than stealing ten bucks from one million people, in the latter case we would be talking about around ten million dollars.
The biggest obstacle is how all those relatively small victims are distributed in several countries of so-called the third world, so they don't have an easy way to make authorities from different countries to get coordinated.

I am aware people are supposed to make something than just talking about what happen. I am actively seeking for ways to help victims to take those scammers out.

[Emeraldo]

I don't get it, when a company has grown so big and lots of viable products out there, why would they still settle to scam and run with people money when they can even make more staying on? Only justification I can think of is that, they fully understand the wrong  they are doing and don't want the law to catch up with them. They started when Bitcoin was still struggling  to put it's feet down and many people stayed in solidarity to Bitcoin and not necessarily the site.

We don't really know what is wrong with the current FreeBitco.in team and I think they must have had a change of team that is why they are reluctant to pay gamblers that had made deposit and want to withdraw their profit from the casino.
This is fully an act of scam and the must have planned this for years so they can gain the heart of players so they can later deprive them of what actually belongs to them which is their withdrawals. Every players deserve to withdrew their money from the casino they are using even when the team goes bankrupt.

[Haunebu]

I don't get it, when a company has grown so big and lots of viable products out there, why would they still settle to scam and run with people money when they can even make more staying on? Only justification I can think of is that, they fully understand the wrong  they are doing and don't want the law to catch up with them. They started when Bitcoin was still struggling  to put it's feet down and many people stayed in solidarity to Bitcoin and not necessarily the site.

It's not that complicated to understand really. They got lucky way back when BTC was priced way lower and when the competition was way smaller with little to no regulatory pressure. Time changed that due to which their faucet strategy collapsed.

Their token crap didn't help matters much and intense regulatory pressure sealed the deal due to which they planned the exit scam last year and executed it. Imbeciles should have shut shop way earlier with decent net profit and zero scamming nonsense.

[Strongkored]

Their token crap didn't help matters much and intense regulatory pressure sealed the deal due to which they planned the exit scam last year and executed it. Imbeciles should have shut shop way earlier with decent net profit and zero scamming nonsense.

Take over FUN Token with huge amount could be the reason why they started collapes, moreover the way they promoting their token draining their money more and more, because I experienced the benefits of holding their tokens, until they changed their approach and conditions deteriorated for both investors and players who didn't hold the tokens.
But I believe their not bangkrupt, just want to run with the remaining money.

[uneng]

I don't get it, when a company has grown so big and lots of viable products out there, why would they still settle to scam and run with people money when they can even make more staying on? Only justification I can think of is that, they fully understand the wrong  they are doing and don't want the law to catch up with them. They started when Bitcoin was still struggling  to put it's feet down and many people stayed in solidarity to Bitcoin and not necessarily the site.

It's not that complicated to understand really. They got lucky way back when BTC was priced way lower and when the competition was way smaller with little to no regulatory pressure. Time changed that due to which their faucet strategy collapsed.

Their token crap didn't help matters much and intense regulatory pressure sealed the deal due to which they planned the exit scam last year and executed it. Imbeciles should have shut shop way earlier with decent net profit and zero scamming nonsense.

They were actually the most consistent faucet along all these years. While many other faucets had adsense cut or couldn't fight the bots back, disappearing due to that, freebitco.in remained strong and active. I don't know if they were simply luck, because they also worked their way upside and were efficient on that. They had everything to be the most reputable service in crypto scene and even in case they thought it was time to close the doors, they could have done it by the front-door, and not by the backdoors like they did.

[AakZaki]

They were actually the most consistent faucet along all these years. While many other faucets had adsense cut or couldn't fight the bots back, disappearing due to that, freebitco.in remained strong and active. I don't know if they were simply luck, because they also worked their way upside and were efficient on that. They had everything to be the most reputable service in crypto scene and even in case they thought it was time to close the doors, they could have done it by the front-door, and not by the backdoors like they did.

At first I was also impressed with this site, because since I first got to know Bitcoin, it was also the site that gave away Bitcoin for free through its faucet. With my enthusiasm at that time, I also often promoted this site so I had a lot of referrals at that time.

Even when this site was not introduced on this forum, I had already used the faucet until it was time to promote it on this forum, I also had time to follow the campaign for about four years.

Yes... time feels so fast, until the last time I heard that the FreeBitco site was on the wrong track.