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Freebitco.in is a Scam and Fraud Site
Jan 20, 2021 08:54 AM 8980 Views

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On January 4, 2021, FREEBITCO.IN banned me from their site and seize all of my BITCOINS that I had deposited for breaking their Terms of Service.


They stole$5500, 00 in bitcoins that I deposited, without giving any type of warning that I was breaking their rules.


I had been a member of their site since approximately 2013 and I though it was a fair and trustworthy site.


They allow users of the site to roll a digital wheel ever hour to earn free bitcoins and depending on the numbers displayed on the wheel you could win up to$200.00 in bitcoins ever hour.


In addition, they paid 4% interest on any bitcoins that you had deposited in their supplied bitcoin wallet.


They also paid a tiered reward bitcoin payout for referring additional members to their site.


In addition, they allowed users to gamble with with their bitcoins by placing bets on sporting events, elections, etc.


They would also allow users to buy lottery tickets for a chance to win a Lamborghini or a lottery in a bitcoin pool to earn part of the pool earnings.


Furthermore, they also had a high-low gambling betting game that you could spin the wheel to earn different payouts(just like a roulette table) to earn additional bitcoins.


This lead me to believe that they wanted additional members and as such, I signed up nine different accounts.


Then each hour I would roll the digital wheel and win small amounts of bitcoin satoshi(a decimal amount).


Furthermore, in each of these accounts, I would deposit at least 0.01200000 in bitcoin satoshi to earn interest.


This benefited both myself and Freebitco as they claim that they are mining bitcoins and use the bitcoins that their user's deposit to pay for their mining operation.


But, they banned me from their site and then stole 0.13514624 in bitcoins(worth$5, 500 as of this date) from my accounts before I realized something was wrong.


These accounts logged me off the site and would not allow me to log back in.


This banning could be a result of for the most part, I did not gamble with any of my accounts, with the exception of when Freebitco, would force users to gamble by placing bets or buying lottery tickets to remove the filling out of their Captcha puzzles that you had to solve every hour to qualify for a free roll.


So, in effect they were not making any money off of me once I qualified to have the Captcha puzzle removed.


Now, this is not the only time Freebitco has stolen from me. Sometime approximately in the year 2017, I did place several bets on various betting pools, that was in place for guessing how high the price of bitcoin would go within the next month.


I placed four bets, all betting that the bitcoin price would be around$5, 000.00 per bitcoin. Three of these bets, I won the betting pool, but on the third which happen to be the highest bet, I bet approximately 0.100000 that bitcoin price would be around$5, 000.00 at the end of the month.


All of my bets were placed for Bitcoin to be around$5, 000.00 at the end of the month. But, I lost my highest bet, even though I could have sworn that I placed the bet for being around$5, 000.00 the same as all of the smaller bets.


Shortly, before the end of the month, I noticed that the high bet was not recorded for the bitcoin price to be around$5, 000.00, but was placed on a different bet than what I though I had bet on.


I contacted the site owner of Freebitco and ask what happen, I told him that I placed the bet, for bitcoin being around$5000.00 at the end of the month, but he stated he checked the records and that was not the case, So I accepted the loss as being operator error.


But, come to find out, I checked some of the additional bets that were running and discovered that the placement of where you checkmark for your bet, would randomly rotate and would not be in the same spot as it was previously.


So, for example, if you had five choices to choose from, and you wanted the number one choice as your bet, then the next day, you decided to place another bet for the same betting option, but this time the bet option maybe would be option number 3 rather that the number one option that it was previously.


I suspect, that was my case, when I lost the big bet that I place, when I won the three smaller bets. So, in a sense, Freebitco rigged the betting and caused me to lose the bet, or thus in effect steal my bitcoin.


Every since then, I have not gambled on Freebitco site, with the exception of when the site owner forces it's users to gamble to remove the Captcha puzzle, so you can roll the free roll.


Now, I am in a legal battle to recover my stolen bitcoins. So, I would suggest, that if you are a user of this site or planning on becoming a user of this site, remove all of your bitcoins and do NOT DEPOSIT any funds within Freebitco.


Just use the site for the Free bitcoin rolls and stay far away from any of the gambling sections of this site.


My ultimate goal is to close down this site forever. I will continue with my legal battle and will also contact any and all Federal Authorities concerning the illegal gambling that occurs at this site.


What I learned by being a victim of this site, and by conducting research into the online gambling rules states that it is illegal to have an online gambling site within the United States and/or have a website run from within the United States. So, Freebitco.in be forewarned. Your site will soon come to an end.


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