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[Haunebu]

I know managers don’t always have the highest standards, but I didn’t expect somebody with Royse’s reputation to go anywhere near an actual verified scam project, which has really made no effort to hide the fact that they are the same people behind FreeBitco.in.

Let's be real here. Literally every signature campaign manager within this forum and elsewhere have worked with 1 or more shady sites/projects regardless of whether they knew that such sites were shady or not primarily for financial incentive plain and simple.

Royse does tend to choose shady projects a bit more often than the other managers though which could possibly land him in big trouble one day. Smh!

[STT]

What makes me think this is: wouldn’t it have been easier to just carry on running the casino honestly? That casino was a cash cow.

That's what I said and dam me for not just recognizing idiot logic rules, it would take someone really dull and inept to only think of breaking the site to get money, I guess they found that person.
  It was probably not a coincidence that Bitcoin was doing so well at the time they decide to close the gates in favor of themselves.  If price had say declined to a boring 30k and sat there; anti crypto governance or strong dollar etc.   I would guess the site would have continued to operate until it was more favorable to break the piggy bank.

[Hispo]

...

What makes me think this is: wouldn’t it have been easier to just carry on running the casino honestly? That casino was a cash cow. They must have screwed up at some point, and that’s when the scam began. The difference is that in the fiat world they’d be in pre-trial detention at the very least, but by running it from a hideout on the internet, they’re still trying to swindle people with copies of what once worked.

Realistically, it is very difficult for them to do the right thing and continue to run the casino in order to pay all money back eventually, because they have no enough liquidity to comply with all the money outflow they were facing (and may continue to face in the near future).
If they decided to turn all of this into a scam it was because they realized they were going to lose all their money and status if they continued to process withdrawals with no change of direction, so they decided to go rogue and not to take the steps necessary to get liquidity in a legal and legit manner.

The difference with this casino and FIAT regulated casinos is how there was not actual accountability on the table, in order to discourage them from exit-scamming all of us.

[BlackBoss_]

Realistically, it is very difficult for them to do the right thing and continue to run the casino in order to pay all money back eventually, because they have no enough liquidity to comply with all the money outflow they were facing (and may continue to face in the near future).

If they wanted to do a right thing, to continue their casino operation, to serve customers as best as they can, they would have not cause many problems on their platform and for customers. With many months of silence and many problems including user withdrawal requests stuck, it's enough to think that they don't mind to come back for resolving the casino problems and to proceed withdrawals for users.

If they decided to turn all of this into a scam it was because they realized they were going to lose all their money and status if they continued to process withdrawals with no change of direction, so they decided to go rogue and not to take the steps necessary to get liquidity in a legal and legit manner.

Do we need to think that it is a IF now with what they have shown in recent years especially latest months?
I believe that it's a scam exit, not if.

[Synchronice]

The Binance hackers have already dumped a lot of FUN and they continue trying to launder the stolen tokens by moving them to different addresses. Currently they have restarted the process of trying to sell on Uniswap. The only problem is that there isn’t enough liquidity to actually dump their remaining tokens. The largest liquidity pool on Uniswap, or on any DEX for that matter, only has $70k USDT in TVL and it continues to go down the more tokens they sell.

This is a cat and mouse game where the FBI and other authorities are chasing these North Korean hackers across various websites and multiple cryptocurrencies are involved here. ETH is the primary one while FUN token is a small part of their stash.

It's kinda fitting in a way that a scammer group like this one ends up depending on a scam token like FUN to a small extent in this particular scenario.

Honesly, the first question that I had when the group hacked Binance, was, whether FUN token was in their stash or not and right now I found an answer to my question that they have really included FUN in their stash and now I'm almost dying from laugh.

By the way, it doesn't make sense to me that every hack is automatically on North Korean groups. A North Korea, that's technically not as advanced as western world, that doesn't have internet and computer for the population, that's isolated, has more developed hackers than western world? It doesn't make sense to me even though there are some explanations like how they pick the most talented kids in their early teen ages and take them to special training. It doesn't make sense.

[Hispo]

Do we need to think that it is a IF now with what they have shown in recent years especially latest months?
I believe that it's a scam exit, not if.

We don't need to assume much since they have already shown their willingness to steal and keep people's money with no remorse.
But this case happens to be so extra-ordinary and rare that people like me continue to wonder why they decided to treason their costumers and investors in such a badky manner, this was just a random casino/faucet which people expect to exit scam at any moment, there were people who actually had so much trust in Freebitcoin, to the point they used it as a wallet instead of a gambling service.

But you have a point, to the majority of people who lost money to this scam, arguing about "why" does not solve anything.

[BlackBoss_]

We don't need to assume much since they have already shown their willingness to steal and keep people's money with no remorse.
But this case happens to be so extra-ordinary and rare that people like me continue to wonder why they decided to treason their costumers and investors in such a badky manner, this was just a random casino/faucet which people expect to exit scam at any moment, there were people who actually had so much trust in Freebitcoin, to the point they used it as a wallet instead of a gambling service.

But you have a point, to the majority of people who lost money to this scam, arguing about "why" does not solve anything.

I thought the same and I agree with you on this.

In earliest times with problems of their hot wallets, email delivery and withdrawal processing for users, it was still acceptable to wait for their customer support, and issue fixing, even it took time and made many users uncomfortable.

They even "shown" that they listened to community opinion by assigning staffs, with new forum accounts here, and somewhat shown a little bit more active customer support, and replies here. However, these things did not last too long time and after all we all witnessed how this casino fell down very deeply in operation and reputation.

[zazarb]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

[Free Market Capitalist]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

I understand you haven't been on this thread in a while and aren't going to read through dozens of previous pages, but basically, yes, that's how it is, they have pulled an exit scam. This was something that those of us who used the trust system back in May/June 2024 to warn others of the danger could already sense. The problems gradually got worse and worse, until in August of this year they stopped processing withdrawals. They came up with a lame excuse, saying they were going to fix everything and start processing withdrawals again—only to ultimately disappear.

The latest development is that clones of the site are popping up under different names—but they’re very similar—and we don’t know if at least some of them are run by the same people who ran freebitco.in and pulled off the exit scam.

[DrBeer]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

The end came much earlier. And what we've been seeing over the past few months is just a cheap show, "smoke and mirrors", but nothing more...
Did you seriously believe that they were actually recounting anything and were going to return the funds? After dozens of pages on the forum containing information about the massive withdrawal of funds from the platform's addresses to mixers and exchanges?

[Hispo]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

This is pretty much the end of the road for the service, yes. Freebitcoin is not longer a thing.
But as someone already mentioned, this is just the final step of an exit scam which had been carried out for literal months in before.

We are the stage of those scammers trying to run away with all people's money and leave no track behind them, or leave as little as possible.

I know I have said it before several times, but considering the history Freebitcoin had within the Bitcoin and gambling community is this a major happening, a very unfortunate one, specially to those who lost money to this.

[Haunebu]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

Am surprised that some forum members are still expecting some sort of positive updates from this scam site at this point. This site went down the drain eons ago to be frank and they decided at one point to take down some gamblers along with them.

It's the sad truth which many victims have already accepted and moved forward since there is no better solution. This is usually the case with most scam sites.

[Bitcoin Maxi]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

This is pretty much the end of the road for the service, yes. Freebitcoin is not longer a thing.
But as someone already mentioned, this is just the final step of an exit scam which had been carried out for literal months in before.

We are the stage of those scammers trying to run away with all people's money and leave no track behind them, or leave as little as possible.

I know I have said it before several times, but considering the history Freebitcoin had within the Bitcoin and gambling community is this a major happening, a very unfortunate one, specially to those who lost money to this.

If the Freebitco.in was registered and have their license, was it not supposed to be easy for the team to be prosecuted by the law?
I have been seeing different scam accusations on casinos but i think Freebitco has more victims than the numbers we can ever imagine.
I know some of their victims must have been complaining through their support and other platforms where they can share their experience so that new players will not become victims. Now that the website is not in existence, this shows a clear proof of scam exit.

[Hispo]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

This is pretty much the end of the road for the service, yes. Freebitcoin is not longer a thing.
But as someone already mentioned, this is just the final step of an exit scam which had been carried out for literal months in before.

We are the stage of those scammers trying to run away with all people's money and leave no track behind them, or leave as little as possible.

I know I have said it before several times, but considering the history Freebitcoin had within the Bitcoin and gambling community is this a major happening, a very unfortunate one, specially to those who lost money to this.

If the Freebitco.in was registered and have their license, was it not supposed to be easy for the team to be prosecuted by the law?
I have been seeing different scam accusations on casinos but i think Freebitco has more victims than the numbers we can ever imagine.
I know some of their victims must have been complaining through their support and other platforms where they can share their experience so that new players will not become victims. Now that the website is not in existence, this shows a clear proof of scam exit.

I think it would have depended on the kind of license they would have had and also the jurisdiction in which they could have gotten registered in. It is not the same to be licensed in the United Kingdom and being licensed in Curaçao.

If these guys would have gotten licenses in the UK or the United States, then it would have gotten much easier to prosecute them and get them to return all that money to gamblers and investors.
This was not the case, sadly, most of the reputation this service had was purely because they were legit and processed payouts for years, so people assumed it was not necessary for them to have a strong license.

[Betwrong]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

The end came much earlier. And what we've been seeing over the past few months is just a cheap show, "smoke and mirrors", but nothing more...
Did you seriously believe that they were actually recounting anything and were going to return the funds? After dozens of pages on the forum containing information about the massive withdrawal of funds from the platform's addresses to mixers and exchanges?

At some point I did. It was hard to believe that such good people that created FreeBitco.in, a site that contributed a lot to Bitcoin adoption, in my opinion, it was hard to believe that such people can turn into scammers so easily. For me, it's still hard to believe. Another thing that I don't understand is why and how can they go unpunished. People were prosecuted and punished for dark web exit scams sometimes,  and in this case it's much easier.

[DrBeer]

I see that the website has been inaccessible for some time now; is this the end, then? Will there be no withdrawal of coins as promised—not even the 'fun' ones?

The end came much earlier. And what we've been seeing over the past few months is just a cheap show, "smoke and mirrors", but nothing more...
Did you seriously believe that they were actually recounting anything and were going to return the funds? After dozens of pages on the forum containing information about the massive withdrawal of funds from the platform's addresses to mixers and exchanges?

At some point I did. It was hard to believe that such good people that created FreeBitco.in, a site that contributed a lot to Bitcoin adoption, in my opinion, it was hard to believe that such people can turn into scammers so easily. For me, it's still hard to believe. Another thing that I don't understand is why and how can they go unpunished. People were prosecuted and punished for dark web exit scams sometimes,  and in this case it's much easier.

Unfortunately, such unpleasant "transformations" sometimes occur, and they leave disappointment and negativity in our hearts....
Theoretically, we can only find out what led them to this-or, more precisely, to such a change-if they end up in court and testify. In other cases, we can only speculate and make assumptions.

[Bitcoin Maxi]

~Snip~

I think it would have depended on the kind of license they would have had and also the jurisdiction in which they could have gotten registered in. It is not the same to be licensed in the United Kingdom and being licensed in Curaçao.

If these guys would have gotten licenses in the UK or the United States, then it would have gotten much easier to prosecute them and get them to return all that money to gamblers and investors.
This was not the case, sadly, most of the reputation this service had was purely because they were legit and processed payouts for years, so people assumed it was not necessary for them to have a strong license.

Do you mean that is the main reason why almost all these casinos are rushing to get licensed from Curacao?
Getting a license their must be very easy for casinos if they are not going to be held responsible for their cheating against their users.
I know that getting a US gambling license is not of any joke at all and any sign of scam can lead to higher compensation especially paying for damages by the casino for misuse of power and treating their players unlawful, refusing to process their withdrawals.

[Hispo]

~Snip~

I think it would have depended on the kind of license they would have had and also the jurisdiction in which they could have gotten registered in. It is not the same to be licensed in the United Kingdom and being licensed in Curaçao.

If these guys would have gotten licenses in the UK or the United States, then it would have gotten much easier to prosecute them and get them to return all that money to gamblers and investors.
This was not the case, sadly, most of the reputation this service had was purely because they were legit and processed payouts for years, so people assumed it was not necessary for them to have a strong license.

Do you mean that is the main reason why almost all these casinos are rushing to get licensed from Curacao?
Getting a license their must be very easy for casinos if they are not going to be held responsible for their cheating against their users.
I know that getting a US gambling license is not of any joke at all and any sign of scam can lead to higher compensation especially paying for damages by the casino for misuse of power and treating their players unlawful, refusing to process their withdrawals.

I am not an expert on gambling regulation, I am just aware Curaçao gambling licenses are rather lax and allow casinos to operate in a vast number of territories and countries worldwide. Still, casinos under Curaçao licenses are supposed to have an official address in Curaçao and comply with other regulatory requirements in order to get approved. It is not instant and as easy as many people may assume.
Anyways, I think this is rather a conversation to be held on a separate thread/discussion, as it does not have much to do with the current situation with the exit scam being pulled off by Freebitcoin.

[nexus72]

I think somebody should make the Wikipedia article about freebitco.in.

[LTU_btc]

Do you mean that is the main reason why almost all these casinos are rushing to get licensed from Curacao?
Getting a license their must be very easy for casinos if they are not going to be held responsible for their cheating against their users.
I know that getting a US gambling license is not of any joke at all and any sign of scam can lead to higher compensation especially paying for damages by the casino for misuse of power and treating their players unlawful, refusing to process their withdrawals.

That's not main reason. Curacao license have very simple regulations and very low taxes and it makes life much easier for website operators. But on the same time these things makes possibility of exit scam much easier..

I think somebody should make the Wikipedia article about freebitco.in.

Why do we need it? But if you want, you can try makimg it yourself.