Chinese exchange FCoin shuts down; Owes users $125 million

Chinese exchange FCoin shuts down; Owes users $125 million

Zhang Jian, founder of Chinese crypto exchange Fcoin, has said that the exchange may not be able to pay the 7,000-13,000 BTC it owes users. Zhang claims that the shutdown is the result of a series of internal data errors and decisions that are too complicated to explain, and not a case of the platform having been hacked and or part of an exit scam.

pennydreadful
pennydreadful
Sirax
Sirax 4 months

china is asshoe

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..... 4 months

Also, told you to NEVER trust China.

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..... 4 months

They are arresting chinese for even forgetting their community cards now. Police forces have been more than doubled. Social unrest has begun. Talk of the 拘留 (detention camps) has resurfaced in mainstream online talk. None of you can quite comprehend how bad things are going to get in China. The Ccp is freaking the fuck out right now. It's about to get a whole lot worse. Public accounts of coronavirus have been completely skewed now (just like forbes stock market graphs or Chinese historian graphs on population growth in 1950s and 1960s.) complete propaganda and silencing. The govt has been hoarding masks and other resources for itself. (I can confirm now all pharmacies were told to stop selling as soon as this began and the ones who did at a markup to make some dough were heavily punished. Basically the police forces confiscated the few materials whole shop owners tried to keep themselves a stash.) Ccp WILL tell it's people this was America's fault and the people WILL have to go along with it and convince themselves it's true. This is partly why the sudden draconian curtain has fallen. Any company related to China should be shorted (when depending on production chain delay time). This will send China gdp to roughly the levels of japan and Germany (although Germany will soon slip to India's level.) All those flag waving Chinese are going into stockholm mode now (it is part of their deeper brainwashing education; essentially they have been spiritually castrated to feel helpless and not lash out at their overlord even though they feel something wrong in what's left of their shredded souls. ) As much as I loathe evil and ignorant Chinese, the ones soon to be granted refugee status in light of the humanitarian horrors should be closely watched but sympathized with in the sense that they should be saved from going back to that hellhole. On condition that they renounce China, the communist party, and their Chinese heritage(this is very important for it is used as a deep root to mind control in ccp education that they are a deep root unlike the rest of the world) as well as pledge their allegiance to western society and to further humanity, that China is indeed the cancer of the world and must learn to repent for its sins (as well as release 9 dash line nonsense, taiwan, hong kong, tibet, xingjiang, inner mongolia, senkaku islands, etc.) what any refugee should have to do anyway... For it is tough but fair love we must preach and practice. China is pure evil however even on thedark beast a few flakes of light exist. It is only fair to give those flakes a chance. Amen. To all westerners, start preparing masks and supplies. You WILL thank me later as this virus spreads and mutates. Remember, millions of Chinese are in Africa and it is has begun to spread. May god protect us from what is to come. This WILL in all likelyhood surpass the Spanish flu (which was also started in China.) It is not racist anything I just said. It is the truth.

Carol
Carol 4 months

Not trustworthy!

Fredrick
Fredrick 4 months

F

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