No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire.
~snip~
My assumption is that the project was not abandoned, but rather sold to someone who is not capable of running it. If everything was really on autopilot, I think everything would collapse very quickly and it wouldn't last this long. It seems logical to me that the owner decided to get out of the business after about 10 years, but it turned out the way it did.