Chinese Exchange FCoin Accused of Crippling Ethereum Network for Cheap Publicity

The weakness of Ethereum exploited by
The failed economic model of an attention seeking exchange.

Chinese Exchange FCoin Accused of Crippling Ethereum Network for Cheap Publicity

A little-known Chinese crypto exchange is allegedly responsible for the unusually high Ethereum network congestion and gas fees recorded over the past few days.

FCoin, founded by Zhang Jian, formerly of Huobi, is accused of deliberately encouraging a rash of Sybil attacks so as to temporarily cripple the Ethereum blockchain and attract undeserved attention in the process.

What happened exactly?……

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