According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly that.
Zhang claims that the shutdown is the result of a series of internal data errors and decisions that are too complicated to explain:
Quote
“This is a problem that is a little too complicated to be explained in a single sentence, the time span is also large, and the two story development lines are advancing and affecting each other at the same time, leading to the final outcome.”
source : https://cointelegraph.com/news/chinese-exchange-fcoin-closes-down-still-owes-users-125-million
Guys, another exchange closes but still owes users millions of dollars, we need to be very careful when choosing an exchange as we might not know they are just faking their volume to look attractive but inside they are not really doing good anymore.