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Historical Exchange Index

A quiet registry of crypto exchanges, active and gone.

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Exchange record

FCoin

China-linked cryptocurrency exchange launched in May 2018 by former Huobi CTO Zhang Jian that halted trading and withdrawals in February 2020 after disclosing a 7,000–13,000 BTC asset shortfall.

CEXDeadInsolvency
Also known as: Fcoin, FCoin Exchange

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Key facts

Launch date
2018-05-01
Death date
2020-02-17
Years
2018–2020
Origin
China
Confidence
high
Last verified
2026-05-22

URL handling

Preferred action
Use archived URL first for historical viewing.
URL status
Dead domain
Original URL
https://www.fcoin.com/
Archived URL
View archived site

Summary

China-linked cryptocurrency exchange launched in May 2018 by former Huobi CTO Zhang Jian that halted trading and withdrawals in February 2020 after disclosing a 7,000–13,000 BTC asset shortfall.

Timeline

FCoin launched
2018-05-01launchedmedium

FCoin launched in 2018 and became known for a trans-fee mining model that generated very high reported trading volumes.

FCoin paused trading
2020-02-17trading_haltedcritical

FCoin paused trading after disclosing that its asset reserve had fallen short of user liabilities.

FCoin could no longer process user withdrawals
2020-02-17withdrawal_suspendedcritical

FCoin disclosed that it was unable to process user withdrawal demands because its asset reserve was below liabilities.

FCoin disclosed a major BTC shortfall
2020-02-17insolvency_declaredcritical

FCoin disclosed a reserve shortfall estimated at 7,000 to 13,000 BTC, creating an insolvency / withdrawal-impediment state for the exchange.

Evidence

Archive index for the former FCoin site
Internet Archive2026-04-26archive_capturemedium reliabilityurl_historyarchive
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
CoinDesk2020-02-17news_articlehigh reliabilityeventarchive
FCoin trade volume and market listings
CoinMarketCap—database_referencemedium reliabilitystatusarchive
Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch
CoinDesk2020-02-21news_articlehigh reliabilitydeath_reasonarchive
Crypto exchange FCoin likely to default after up to $130M bitcoin shortfall
TokenPost2020-02-18news_articlemedium reliabilityeventarchive
FCoin official site archive
Internet Archive—archive_capturemedium reliabilityurl_historyarchive

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Notes and record state

Record note
Terminal handling uses 2020-02-17 because public reporting states that FCoin had paused trading and withdrawals and disclosed that its asset reserve was short of liabilities by roughly 7,000 to 13,000 BTC. Death reason is mapped to insolvency. Later analysis raised questions about whether the shortfall was purely technical error or misconduct, but this record uses the publicly disclosed insolvency / withdrawal-impediment basis.
Revision state
Records may be incomplete, approximate, contested, or revised as better evidence becomes available.
This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections

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