FCoin Returns to Work Despite Recent Scandal
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Cryptocurrency exchange FCoin will resume operations despite the fact it recently failed to serve requests for withdrawal of funds as it had a deficit of 7 to 13 thousand bitcoins (from $53 to $125 million dollars), iHodl Russia reports.

The exchange announced that it will restore the FCoin and FMex websites and pass them on to the "interim committee" under the supervision of community members.

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The community will be able to develop a compensation plan for the losses they incurred due to the insolvency of the trading platform. It is assumed that the restart of the exchange "with the best technical solutions" will occur as soon as possible. However, there are still no specific dates.

Earlier it was reported that the Chinese crypto trading platform, which suspended in February apparently due to internal conflicts, said it did not have enough funds to pay back the $125M it owes its clients.

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