Details
FCoin is a digital asset trading platform that was launched in May 2018. It rapidly accumulated huge transaction volumes through a new business model called "transaction mining". However, in 2020, FCoin declared bankruptcy after disclosing a Bitcoin shortfall of up to $130 million.
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Related News
Error or Plunder? Report Suggests FCoin Purposely Moved Customer Bitcoin Since 2019 - CoinDesk
Coindesk Feb 25, 2020
Inside the $130 million meltdown of China's Fcoin exchange
Decrypt Feb 22, 2020
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
Coindesk Feb 17, 2020
A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens
Coindesk Jul 16, 2018
FCoin Crypto Exchange Draws Fire for Controversial Business Model
Coindesk Jun 22, 2018
PR: Former Huobi CTO Zhang Jian Launches FCoin, Gaining Investments from Top Venture Capital Firms
Bitcoin News May 23, 2018
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May, 2018
$FT was live for trading
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