China’s mainstream exchange FCoin announced that all personnel have been disbanded again today and will be transformed into DEX
For some, 2020 will be even direr than a pandemic. And this happened again with the FCoin exchange and its users.
China’s mainstream exchange FCoin recently announced that all personnel have been disbanded again today
On February 11 of this year, China’s largest exchange stopped operations and announced it would not allow users to withdraw. Six days later, on February 17, an official announcement titled “FCoin Truth” was released. FCoin founder Zhang Jian said in the announcement that due to data errors and decision errors, FCoin’s reserves cannot be redeemed for user withdrawals and estimate the size of the change. is between 7,000 and 13,000 BTC.
Zhang Jian’s open letter put an end to all previous speculations and investors’ fantasies. At the same time, it also shatters the beliefs and hopes of everyone. In other words, FCoin, once dubbed the “No. 1 exchange platform in the universe” thanks to its “transaction and mining” model, has declared a collapse.
China’s mainstream exchange FCoin, which announced in February this year that it was unable to withdraw coins, recently announced that all personnel have been disbanded again today and will be transformed into DEX. FCoin is China’s largest exchange bankruptcy incident. pic.twitter.com/cUq2YWDfrb
— Wu Blockchain (@WuBlockchain) January 1, 2021
However, recently, according to Wu Blockchain, FCoin announced that all personnel have been disbanded again today and will be transformed into DEX. There are also opinions that the transaction mining created by FCoin is the originator of current DeFi farming. If it did DEX at the beginning, UNISWAP may not exist. Of course, this is just a joke.
FCoin, which once stirred up the exchange of cryptocurrencies with its own power, ended in 2020 and is set to usher in a new era for 2021? Let’s wait and see? The world is unpredictable, and its prosperity and death are also sudden.
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