Jian insists in the post that the problems FCoin faces aren’t anything connected to a hack or an exit scam. However, many people feel differently. He insists that the problem is a payment issue, and not that the platform cannot be restored.
“The biggest problem FCoin currently faces is not that the system cannot be restored but that the capital reserve cannot be paid.”
Jian also says the problem that caused FCoin’s inability to pay is “a little too complicated to be explained in a single sentence.”
For many reasons, exchange firms shutting down is nothing new. Hopefully, 2020 will be better than in 2019.