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2020-02-18 08:39:29

Chinese exchange FCoin shuts down owing $125M to users

As FCoin shuts down, the founder of the Chinese crypto exchange, Zhang Jian, revealed in a post that the company might not be able to pay the funds it owes its users. As per the statement, FCoin owes 7000-13000 Bitcoin to its users, a sum that is worth between 67 and 125 million US dollars. FCoin shuts down As per Zhang, the exchange has not suffered any hack and is by no means an exit scam; however, the evidence suggests otherwise. Zhang claims that the shutdown is the result of a saga of internal issues, including data errors and decisions

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