Why is the Huo Coin platform not available

08/05/2023 05:06 • Digital Disruptors • 90 views

Why Firecoin Platform Cannot Use Editor’s Note: This article is based on authorized reprints from the Daily Planet Daily Firecoin launched the “Blockchain Exchange” in October 2018, allowing users to trade using various functions provided by the platform. However, due to the lack of relevant services provided by HuoCoin, it is not possible to open accounts (KYC/AML) to all participants. Therefore, most people are not concerned about this issue, but rather worry about their assets being stolen or their funds being lost. So why can’t the Firecoin platform be used? Why are the contracts on the Huocoin platform unusable? What are the reasons?

1. There is no third-party audit agency involved. If there is a possibility of a vulnerability leading to the loss of user funds, necessary security measures will be taken to prevent such a situation from occurring. 2. There are third-party audits and maintenance activities that can have an impact on users, such as hacker attacks. 3. There are safety hazards. For example, the Bitcoin address in the Firecoin wallet was stolen. 4. At present, many information about exchanges in the market is false. 5. Some team insiders believe that this incident may be the reason for the theft of the exchange. 6. Some project parties have also proposed to block the account to avoid being exploited by hackers. 7. Some community members claim to have reported that an account has scammed a hot coin wallet through phishing websites. 8. Some projects also indicate that they will recharge digital currencies such as BTC or ETH from their coin wallets to purchase tokens on their exchanges, which are not officially issued. 9. Some media reports suggest that the Huocoin wallet has been maliciously controlled. 10. A developer revealed that they are investigating a suspicious application. 12. There are many projects that hope to receive HT rewards because they do not have much substantial value to support themselves. 11. According to a research report, in the first quarter of 2019, about 100 Cryptocurrency wallets around the world were closed, including OKEx, Bitfinex, Bittrex, HuabiWallet, Gemini, Poloniex, etc. (Note: Since October last year, over 30 billion US dollars have been stolen globally.)

It is said that Huo Coin suffered a heavy blow during the bear market in 2017, but as the market develops, Huo Coin can still maintain competitiveness.

. However, according to relevant laws and regulations, “no company” is allowed to operate or illegally engage in business involving virtual currency. Unless you have corresponding qualifications, you will never intervene in its operation and management. In order to ensure that investors’ rights and interests are not harmed, we must establish sound industry standards and rules, provide a fair and just investment environment for investors and holding customers, and do our best to ensure the safety of users’ assets. In addition, regulatory authorities will further strengthen the crackdown on companies that violate the law in the field of digital economy, such as Daniel Larimer (BM), the founder of EOS who violates the anti money laundering law.

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Why is the Huo Coin platform not available

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