Firecoin denied that the Bitwise report implied that the transaction volume was fraudulent, saying that it would not engage in virtual buying.

According to CoinDesk, the CEO of Firecoin Global Station, a spokesperson, said that the fire currency did not participate in any buy trading, and any such behavior would violate the core values ​​of the exchange. Earlier, the crypto-asset index and fund provider Bitwise Asset Management released a report suggesting that the fire currency was fraudulent and the transaction volume was artificially high. Qi Ye said that Bitwise's statement shocked the fire coin team, so the fire currency was thoroughly investigated and the system was fully evaluated, but no evidence of system abuse was found. The fire coins did find that a small number of market makers may have suspected virtual purchases for the purpose of performance and promotion. The fire coins have communicated with them and they have also terminated the problematic strategy.