Hey,
We are still working hard to try restore the the lost Coins,
Anyway, until we get them back, we want to move on,

We can assure you that the coins actually lost and you can see it in http://faircoin.coinexplorers.com/

Thanks,

I am NOT Chinese.
I have visited Shenzhen (Silicon Valley of China) 3 times between May 2011 and February 2012.
I used to buy cell phones and related accessories from Shenzhen for resale in the USA and Europe.
I used to have a Chinese girlfriend in Shanghai and still have business contacts in Shenzhen (SZ).
Most small businesses in China have NO morality or integrity. Cheating, lying and cutting corners is an accepted business practice that shows you are smarter than your competitors. Industrial espionage is sanctioned - and encouraged - at the highest levels of the Communist Party.

The above is the only thing true and verifiable in this post.
Everything else below is only rumors, do not believe any of it.

I chat daily (on QQ) with my business contact in SZ, she's quite attractive and I am (still) trying to seduce her.
She tells me the bunch of incompetent amateurs who call themselves DEV are either Chinese or have strong Chinese connections.
The story of "our wallet got corrupted" is all a bunch of BS. Do you really believe that?
The first 35K who actually got their shares of the"Fair"coin are mostly Chinese.
DEV decided to cut-off the remaining 15K because they are mostly American and Israeli wallets. So the goal is to keep control of the "Fair"coin in Chinese hands.
They can tell from the IP addresses. Even if someone used multiple IP addresses to generate several tokens, they all can be tracked to a region/country.
The Chinese are now starting to dump "Fair"coin, in chunks of hundreds of thousands (see the quote at the top of this post).
The reason?
Talks with Chinese exchanges to get "Faircoin" listed are faltering.
The Chinese are betting FAC will die soon, especially when miners stop mining because they are not seeing any "fair" reward for dedicating their resources to a - what is so far - nothing more than a vaporcoin.