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 Or that it was withdrawn, since the difference between the $114M and $10M is very large.

Most probably Freebitco team have sold the crypto by exchanging them into ETH. They were transferring the coins to Bybit exchanger (pointed out by Tercio). It is obvious that they weren't transferring the funds to Bybit for keeping it there while all the issues were happening at Freebitco (including withdrawal delays).

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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.

Everything is going on a mysterious way to in Freebitco now. They have stopped using the single hot wallet address with big funds a long time ago. You may find out the old Bitcoin address they were using from this post. I can see some activity to one of their old Bitcoin address. Looks like they are using this address to process some withdrawals of the users in this month.

Quote from: TheQuin on May 04, 2021, 06:23:54 AM

That's only looking at one of our two hot wallets which we have used since December 2017. https://blockchair.com/bitcoin/address/329koRvovTyNnd4ADrpR2uJHzXxfvKxta5