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One of the biggest scams to ever hit Crypto – Welcome to FCOIN Exchange (2018)

Last year, the ethereum network was clogged to a halt after FCOIN Exchange, a Singapore based exchange backed by the former CTO of HuobI, Zhang Jian, began its voting process for its new series of “GPM Tokens.” Many seemed surprised that exchange in its infancy could have such a drastic effect on the network, and was even further surprised by the exchanges acclaimed 7 billion usd in daily volume. However, both the volume and the voting process were heavily manipulated to the benefit of the exchange. 

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