If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
No, they haven't sold all the FUN tokens of the users. FUN token cold wallet address of Freebitco still has more than 3.3 billion tokens in it (
check here). They are occasionally transferring FUN tokens from their cold storage wallet to their hot wallet address in order to process the users FUN token withdrawal. Currently, there are 25 million FUN tokens on their hot wallet address (
check here). For some unknown reasons, they haven't processed any FUN withdrawal since last two weeks.