Feixiaohao, the largest simplified Chinese cryptocurrency market data website akin to Coingecko, is suspected to be under investigation by Chinese authorities, with its team potentially arrested. The reason behind the investigation, which has been ongoing for over half a year, remains unclear. Many of Feixiaohao’s exchange partners have reported being unable to contact them.
This incident brings back memories of the 2018 ICO boom when platforms like MyToken issued their own platform coins (MT in MyToken’s case). Feixiaohao also had a coin associated with it, BQT, but the platform never officially recognized it as its own.
With MyToken’s sale, only Feixiaohao and Aicoin were left as major players in the Chinese cryptocurrency market software industry.
Currently, a team identifying itself as Feixiaohao is still active, but sources suggest it’s not the original team. It’s believed they acquired the Feixiaohao code and are attempting to continue operations under the Feixiaohao brand.
