Up to $126 Million Worth of Crypto Owed to Customers - "Trans-Fee Mining" Crypto Exchange Fcoin Is Insolvent

18-Feb-2020

In 2018, a number of cryptocurrency exchanges using the “trans-fee mining” model entered the scene – essentially, these exchanges would pay users with tokens every time they completed a trade. Trans-fee mining backfired in a big way for Fcoin, one of the exchanges that suddenly appeared at the top of exchange trading volume rankings in 2018. read more

Peter Wind