Funds safety?--
The bad:- The addresses quoted above are now empty, I haven't seen any other proof of address posted anywhere
- For quite some time now (at least ~October 2023) the STATS page of the website is broken and doesn't show anymore the active users/funds held by freebitcoin nor the amount of BTC bet/won. I seem to remember that they used to also provide the last website deposits and payments that they sent, are those features broken too?
- Somehow (thankfully) they are still avoiding KYC regulations tightening all around the world, which probably makes them completely invulnerable in case something bad were to happen to the funds!
- The whole FUN endeavour seems to have been quite a flop and development has stalled (I know FUN and fb aren't the same thing, but they seem heavily involved/exposed)
- The website on the EARN BTC page still says that they are using Trezor rather than Ledger as in the first sentence of the quoted text above (it's a nitpick, yes, but if that is wrong, what else is?)
- The site seems to still be run by only two fully anonymous people (wetsuit and TheQuin)
- Except some recent outliers the weekly lottery tickets numbers seem to have been steadily decreasing, is it sign of a diminishing user base?
- Despite the bust of most other crypto interest-earning websites, they still offer a very solid 4.08% on the deposited BTC, which is upgradable through Premium to 5.1% for what is now very little money, compared to when FUN first launched: around 2.5k$ (it was around 15k$ when Freebitcoin+FUN was announced).
The good: - It seems like that most things are automated
- They seem to operate directly in BTC (thus avoiding volatility of BTC vs fiat)
- They have good house margins and good betting mechanisms
- Only two people (wetsuit and TheQuin) seem to have access to the funds, which makes them more strong against internal theft
- They have been around for a long time
I've already withdrawn my entire balance, and I think everyone here should too.
I too have withdrawn all my funds as of a couple of days ago. I didn't know there were this many problems and possible safety holes, I just wanted to complain on the forum about the non-working website stats and more transparency.