Over these past days, FreeBitco.in has transferred billions of tokens to Binance. Their main holding wallet now only holds 21 million tokens and their hot wallet where they process withdrawals from has a little under 1 million. They typically refill their hot wallet once a week with 5 million tokens, so at this current pace their reserves could be depleted within a month if there is no new inflow of FUN into their wallets.
https://www.talkimg.com/images/2025/02/28/qi1DT.pngOh really? Exiting to binance for a quick sell and run? Hahaha, i'm just kidding, but that's usually the MO before the site gets shut down.
Hopefully, i'm in the wrong, and they're just using the market fluctuation to get richer
Welcome to the real world. My take:
If, like it was said in this thread a while ago, someone from Freebitco has converted a huge amount of BTC to ETH that would be deposited in Bybit, it can be guessed that this amount was eventually lost to recent attakers of the latter.
