On the evening of February 12, the crypto trading platform FCoin released an announcement on the latest progress of system maintenance and the application for withdrawal of cash. The announcement rejected the hacked Fcoin previously reported online, saying that due to the loss of key personnel and severe damage to some systems and data, it could not be restored in a timely manner as planned. FCoin stated that in order to meet the needs of some users who urgently need to withdraw, in the case that the system cannot be restored temporarily, it will open the operation of applying for withdrawal by mail.
It is reported that FCoin announced temporary shutdown maintenance on February 10, 2020, with an initial estimated duration of 4 hours. Subsequently, an announcement was issued again on February 11 stating that during yesterday's emergency maintenance, a system loophole that could cause risk control problems was discovered. As some people on the platform are not yet in place, and some modules of the system need to be rebuilt, it is expected that it will take 1 to 2 days for the website to return to normal. Subsequently, pictures of "FCoin Permanent Suspension" and suspected Fcoin funds flow were circulated online. However, it has been verified that the above picture is PS, and FCoin's official website has not released this announcement. At present, FCoin has not completed the repair, and the official said that an announcement will be released after the repair is completed.