The FCoin Story has gone from bad to worse
It started off with rumors of a hack, like so many other crypto exchanges, but it seems the FCoin story has had a dramatic plot twist. A disgruntled employee has allegedly destroyed the entire token supply of the FCoin exchange.
The information comes by way of “Molly” a Chinese commentator, affiliated with Bitcoin Magazine and HashKeyClub. Molly’s source told her that the employee was mad at the FCoin team and deleted the entire database, which kept track of FCoin tokens.
The exchange had previously made a public statement to their community that the team themselves had elected to destroy the remaining FCoin tokens. They said that their decision was based on a prior token burn the year before, in which the community held a referendum and elected to destroy 5,044,114,837.92336501 FCoin tokens.