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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 17, 2020

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Verified

1

zerofriction.io

Loss Amount:

67,000,000

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Recovered Amount:

-

Currency:

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Exchange

Assets

Scams

Extended Method:

Ponzi scheme

Data Sources:

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The FCoin exchange claimed that due to funding difficulties, the fund reserves could not be redeemed for user withdrawals, and the estimated amount of funds that could not be redeemed was between 7,000-13,000 BTC. This translates to $67 million to $125 million by today’s prices.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.