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ID:

fcoin-540

Date:

Status:

Incident Count:

February 17, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

67,000,000

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Recovered:

-

Rewards:

Currency:

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Scams

Extended Method:

Ponzi scheme

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Days in Operation:

657

(1.80 Years)

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The FCoin exchange claimed that due to funding difficulties, the fund reserves could not be redeemed for user withdrawals, and the estimated amount of funds that could not be redeemed was between 7,000-13,000 BTC. This translates to $67 million to $125 million by today’s prices.

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