FCoin Exchange: What Happened and Why You Should Avoid It

When you hear FCoin exchange, a now-defunct Chinese cryptocurrency trading platform that once claimed to be the world’s largest by volume. Also known as Fcoin, it rose fast, promised insane rewards, and collapsed even faster—leaving thousands with empty wallets. FCoin wasn’t just another failed exchange. It was a textbook case of how hype, fake volume, and hidden ownership can destroy trust overnight.

FCoin’s downfall wasn’t sudden—it was built on lies. It claimed to give users 100% of trading fees back in its native token, FTT. But that was just bait. Behind the scenes, trading volume was manipulated, withdrawals were delayed, and the team quietly disappeared. The same patterns show up in other defunct crypto exchange, platforms like CoinRui and DSX that shut down without warning, locking users out of their funds. These aren’t accidents. They’re calculated exits. And they happen because people chase returns without checking who’s really running the platform.

What makes FCoin different from Binance or Kraken? Nothing except the truth. Legit exchanges publish audits, have clear leadership, and follow regulations. FCoin had none of that. Its founder, Jiang Zhuoer, vanished after the crash. The same thing happened with Fcoin scam, a name now used as a warning label in crypto circles for any platform that promises too much too fast. If a platform says you’ll earn more by trading than you’d make in a job, run. If it doesn’t tell you who owns it, run faster.

You’ll find posts here that dig into other broken platforms—like ezBtc, CoinRui, and DSX—all of which followed the same script: attract users with flashy claims, drain funds, then vanish. These aren’t isolated cases. They’re part of a pattern. And if you’re thinking about using any new exchange, ask yourself: who’s behind it? Can you verify their identity? Are withdrawals easy? Or is this just another FCoin waiting to happen?