Quote from: Tercio on October 29, 2024, 04:04:41 PM

Quote from: Poker Player on October 29, 2024, 02:47:43 PM

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 Or that it was withdrawn, since the difference between the $114M and $10M is very large.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.

We only know what we can see on the blockchain, because, despite their promises, FB hasn't provided a proof of funds in years.

-Way back they used to have a normal BTC cold wallet. TheQuin used to provide proof that they had control of that address (can't be fucked to search the exact post, if you dig in my posts you might find it). That address is now empty.
-Another user found a multichain portfolio that fit the amount of BTC FB claimed to have. That wallet used to have BTC (WBTC to be precise iirc). Some of those were then converted to interest bearing ETH, and then it was mostly emptied in July towards an address that I previously judged to be of of exchange. This address now holds 3.4M FUN of the supposedly 5.8M FUN tokens locked through the website.
-Right now we have no idea where the rest of the money is.
-They have a system of hot wallets that makes it hard to trivially check where the funds come from (I think I described the system in one of my previous posts, but again, I can't be bothered to look it up right now). But if someone has expertise into digging though the blockchain automatically it could be an easy enough thing to check. If anyone is interested I am happy to share what I know right now.

I previously had compiled a recap of recap, it seems like the situation hasn't changed much (except for the fact that WOF started to work again a ~month ago and then stopped again). You can look it up here:

Quote from: Tercio on September 06, 2024, 05:50:32 PM

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

I have no BTC on the site rn. I can't trust it as I used to.

Thank you for the update. I personally think that the base functionality is the only thing working. Which would be fine with better communication. It could be that the landscape of tracking owners and users of BTC sites has changed meaning they have to be silent. The site also said many times that they may suspend benefits if their model starts breaking/ leaking/ being unprofitable. This falls in line with the WOF being suspended. The thing that would break the site would be if the casino and withdrawals stopped working. Even interest can stop with the site still being up in good conscience, however, the owners said they would give a 30 day warning for any change in interest.