FCoin Crypto Exchange Shuts Down with $125 Mln Debt

Home / FCoin Crypto Exchange Shuts Down with $125 Mln Debt

The Chinese cryptocurrency exchange stated that the company may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users. According to Zhang Jian, founder of Fcoin , the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly that.

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