“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.”
That sounds like some of the worst double-speak I've ever heard--the statement says absolutely nothing about the reasons why this thing happened or why it is apparently so complicated that it can't be put into words. And why would an explanation have to be put into a single sentence anyway?
Never heard of FCoin, but this doesn't surprise me in the least. Exit scamming has been a lucrative maneuver for exchanges for years now, and the more obscure they are, the better (for them). The amount they apparently scammed isn't small, so hopefully FCoin's screwed-over customers will figure out a way to get their money back.
Fcoin was one of those exchanges from Asia with the new "trade mining" scheme for passive income. They said that users who buy their token will get a share of the trade mining fees and thus roped in a lot of noobs trying to make money from this scheme. So did Catex and Nexybit and a bunch of others.
Interesting. Was that discussed mainly in the altcoin sections? I've never heard of trade mining before--but I don't doubt you when you say there were idiots shilling it and probably not understanding what kind of bullshit they were promoting.
