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$130 Million FCoin’s Insolvency: Angry Users Attacked CEO’s Family Seeking Refunds

A group of angry victims of insolvent Chinese cryptocurrency exchange, FCoin, has reportedly gone after the family members of CEO Zhang Jian to get refunds for their missing funds, according to local reports.


FCoin Users Not Impressed


Some of the affected users had formed several Rights activist groups since the CEO first announced that they are unable to repay users approximately 13,000 BTC, which are equivalent to $118 million at the time of writing and $130 million when the exchange became insolvent on February 17, 2020.

$130 Million FCoin’s Insolvency: Angry Users Attacked CEO’s Family Seeking Refunds

The latest update from the exchange, which was titled ‘Fcoin Truth,’ left many Fcoin users heartbroken as some reportedly had their life savings on the platform. Read More...