Bitcoin Daily: FCoin Shuts After $130M Shortfall; Scam Threatens Via Google Ads
PYMNTS
FEBRUARY 18, 2020
Zhang said the problem was, essentially, that internal system errors had made it so users ended up with more transaction-based rewards than they should’ve had. The model consisted of FCoin launching 51 percent of a coin to the public in exchange for making transactions, rather than doing an initial offering or an airdrop.
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