Quote from: renenoscoe58 on Today at 12:24:25 AM

I could really appreciate some news, information, gossip, whatever. Thanks. Shocked

There have been a few recaps of the situation so I present to you The Recap of Recaps:

Quote from: Tercio on July 02, 2024, 03:38:29 PM

Here's a recap on what I gathered of the Freebitco.in situation:

People got hacked and their deposit/withdraw address manipulated.
- The costumer support replied with: "nah bro, everything is fine, we thoroughly checked, must have been ~~the wind~~ a virus."
TheQuin, which used to be the official costumer support of freebitco.in for the longest time, disappeared leaving the site without support for months.
- The costumer support said that he's now focusing on the fun part of the business (fraud prevention) and that they are hiring a professional team
There were hiccups where withdrawals and emails wouldn't go through for a couple of days.
- The costumer support disclosed that it was an issue with their mailing servers and that after giving it time to clear the backlog everything would return to normal.
  - Everything did in fact return to normal.
Somewhere among this this thread got flagged as "high risk".
The new user CSFBC appeared and declared that he was now taking care of the costumer support, the professional team is here, ready to ~~restore the law in this town~~ support and assist with all your questions. (These guys use extensive boilerplate and corporate speech in their messages. Is it and improvement over the frequently overly rude TheQuin messages? You decide!)
- The costumer support hasn't commented since the 20th of June, after two whole days of hard work, they at least seem to be alive logging in at least once a day.
The cold storage wallet is still not officially disclosed, but a community member found this multichain portfolio, whose bitcoins didn't have much movement for ~a year until a couple of days ago. A good portion of the BTCs seem to have been converted to interest bearing ETH. (Is it an investment play? Are they risking our deposits? Nothing bad with a "side-hustle" with all that cash, I would just love some transparency)
- The costumer support said that he would look into the status of upgrading the wallet system.
People have reported not receiving the free Wheel Of Fortune spins despite holding FUN tokens on the website.
- The costumer support didn't comment on this
The "logout" button a the top right corner doesn't work and probably hasn't been working for a while. It feels like the website has no developers behind it, and it's slowly falling apart...
- The costumer support didn't comment on this

Quote from: Tercio on July 11, 2024, 03:39:46 PM

Quote from: Tercio on July 02, 2024, 03:38:29 PM

this multichain portfolio

I'd like to also point out that the address is now empty of either Bitcoin or Ethereum.

They seem to have been funnelled to this address which seems to be the crypto exchange Bybit. They are cashing out? Huh

Quote from: Fransky7 on August 29, 2024, 09:02:49 AM

I am republishing the updated list with feedback so that everyone has a complete view...

This is the current situation.
1) Currently what works:
- Points and Tickets every Faucet Roll.
- Spin Wheel, credits all types of prizes (Satoshis, Points, Tickets, etc...).
- Satoshi Bonus in faucet roll (for those who have it active).
- % extra interests per satoshi (over 30000) available in the account, if you have the Premium active.
- Decrease % of Bonus Faceut advancement for each Spin Wheel played.
- Dice Game.
- The Daily Jackpot of the Dice.
- Points credited every 500 satoshis played in the Dice.
- Tickets credited every 500 satoshis played in the Dice.
- Elegible or Selectable bonus every Wagers Volume completed in the Dice (in the Dice game section).
- % of Bonus Faucet advancement every Wagers Volume completed in the Dice.
- % cashback of wager volume, if you have a Premium activated.
- Locked FUNTokens that do not unlock even after the period expires (sometimes they unlock late)
- Slow Withdrawal.
- Deposits (credited on site at least 24+ hour(s) later).
- Subscription email, with news and 1 free spin wheel.
- Site Blog (still updated https://freebitco.in/site/blogs/)
- X (Ex Twitter) news update (https://x.com/freebitco).
2) Currently what does not work:
- Daily Wheel Spin credit if you have the Premium, based on membership adquired.
- Instant Withdrawal sometime don't work (other yes).

If anyone knows of any other features on the site that are not working or have stopped working, please let everyone know.

At the moment there are no communications from the staff or owner of the site to know if the features will be reactivated (and when) or if they will be replaced by something else, so everyone will decide what to do.

Quote from: Tercio on August 27, 2024, 06:29:26 PM

+New Freebitco.in issue unlocked: "Sometimes deposits aren't credited"

My (old) assessment of their whole business:

Quote from: Tercio on May 20, 2024, 11:06:38 PM

Quote from: TheQuin on January 18, 2021, 04:43:13 AM

[...]
3LaNNTg87XjTtXAqs55WV5DyWASEZizCXZ is one of our hot wallets we use for payouts. The other is 329koRvovTyNnd4ADrpR2uJHzXxfvKxta5.

When you deposit to us we sweep funds greater than 0.00050000 to 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h
There is currently 229 BTC of dust deposits that haven't been swept.

That address then either funds the 2 payout hot wallets or sends it to cold storage at 3CZM2Y6AqieFZE1RAbvXYi7hExx1zSb5R1

It is when that wallet is used to fund the hot wallets that the change addresses are used. (eg. https://btc.com/35e79400c98284bf52ea791dbefb6efe38b6d32d7353eab2a239a7ff7b2c17fe)

I have compiled a list of good and bad things about Freebitcoin that are of concern from the safety standpoint. If it's not already clear, I am judging their trustworthiness more from the point of view as the website being a "BTC savings account with a casino attached" rather than the opposite.

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 still mostly trust Freebitcoin only because of these reasons~~, but being more transparent about how the funds are managed should be a priority given the anonymity and likely complete legal immunity that they have managed to keep.

CSFBC hasn't been online on this forum since 19-08-2024.

Multiple times the support has said that they are working on the issues, but don't believe there is a single dev that knows the system and is working on it.

This website used to be the pinnacle of transparency, you were able know how the website was doing monetarily, you were able to check that they had the BTC in custody, TheQuin would talk to you straight and, hell when the website sometimes went down TheQuin would come out and say how the issue was a specific thing X in database Y, etc... but is now the opposite... I'd classify putting BTC in this website as "HIGH RISK, DON'T DO IT".