FCoin To Close Down, Owes Users Up To $125 Million

Chinese crypto exchange FCoin has paused trading as it may not be able to pay back between 7,000 to 13,000 BTC (about $67 million to $125 million) that it owes to its clients. Founder of Fcoin and former CTO of Huobi, Jian Zhang, published a post named "FCoin Truth," where he claimed that the exchange...