Published data about the liquidity of the site showed me that <...>
Can you provide a link to where you got this data?
If I'm not wrong, then he was referring to two old posts. One of those were pointed out by me (
on June, 2024). Freebitco team had worth
$114 million assets (in different crypto) on their FUN token wallet address. Freebitco had converted the BTC into ETH of that address in the same month. It was pointed out by another forum members (
check here). Then we had noticed that Freebitco team was taking out the funds from their wallet address. Now it has worth
$10 million assets, which is mainly in FUN token.
Yes, I am pretty sure I am the user y'all are referring to.
Before this whole kerfuffle, I used to collect the data that was provided to us in the STATS page of the website, which used to report the total of the user savings (could have been completely fake, but it was something) which was around 1100BTC and growing with my last reading on 22-Sep-2023. Instead too estimate the number of active users the method is to literally look at number of users that participate in the weekly lottery (
you can find the .zip file on the twitter feed of Freebitco.in).
...
Wow, now that I check the numbers freebitco.in really has lost a lot of users in a few months. I can't fathom that they are letting the site going downhill this much unless something big happened (maybe even something physical happened to wetsuit).
Wait. Are you saying that they sold BTC to buy ETH and/or FUN tokens? Or that it was withdrawn, since the difference between the $114M and $10M is very large. It could also be that they have a lot of bitcoin at addresses we don't know about, as bitcoin withdrawals, with all the delays and problems there are, are being processed, meaning that from somewhere they are being paid. The bad thing about this is how mysterious it all is, and that no one will show their face or give an official statement. I think they are holding the ship as long as they can until it can't hold on any longer and sinks.