https://www.coindesk.com/crypto-exc...-revealing-up-to-130m-bitcoin-shortfall?amp=1 But hey, this was a tx free coin! "Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users' withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin." And we are all stupid.... "Zhang claimed in the post that the exchange was neither hacked nor an exit scam but the problem is "a little too complicated to be explained in a single sentence."" Maybe try 2...
"...He claimed that he will "switch tracks and start again" and hopes to use profits from his new projects to "compensate everyone for their losses." So he's basically saying to all the folks who engaged with this project, "Yer TSOL, the check is in the mail, eventually". Go go cryptopyramidschemescience!
"tracking on Fcoin's Bitcoin cold wallet shows the majority of its asset has been transferred to other exchanges"