Crypto exchange FCoin says it lost about 10,000 BTC, shuts down, and can't pay its users back

posted about 2 months ago
FCoin crypto exchange paused trading and withdrawals as it reveals a shortage of crypto assets worth up to $130 million. 7,000 to 13,000 bitcoin are estimated to have been lost. At one point, FCoin was one of the largest exchanges by trading volume.

The exchange said this was caused by crediting users with more transaction-based mining rewards than they should have received.
Tags: bitcoin, blockchain, news