The AnChain.AI team reconstructed FCoin’s Bitcoin on-chain exchange flow timeline based on the official cold wallet, and revealed interesting insights on their original 25,000 Bitcoin funds months before the FCoin shutdown announcement. Is FCoin facing technical difficulties, or is it...
A big announcement by FCoin is rocking the crypto world. Zhang Jian, the founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (worth $67 million to $125 million) that it owes users. Individual investors or...
FCoin, the controversial Chinese crypto exchange, has triggered a quite stir in the crypto space once again as it declared insolvent and failed to pay the 7,000 to 13,000 BTC back to its users. Fund difficulty caused the exchange’s inability to cash users’ deposits which, citing its foun...
On the evening of February 17, Zhang Jian, the founder of FCoin published a notice to explain the current situation and follow-up plans of Fcoin. “The biggest problem Fcoin faces is that the fund reserve cannot be cashed out for users. We lack about 7000-13000 BTC (worth about 68.6 mi...
China-based FCoin, a controversial cryptocurrency exchange known for its innovative “Trans-Fee Mining” incentive program, has recently triggered a quite stir in the Chinese crypto space with allegations of the platform’s permanent shutdown and key members remaining out of contact. It s...
A new cryptocurrency – FT (FCoin Token), has spiked 12400% from its ICO price in 15 days, despite the massive cryptocurrency slump starting from early June. It is another token issued by a newly established crypto exchange - FCoin, like BNB of Binance, HT of Huobi and O...
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