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According to the report , posted Aug 19, the website is offering false incentives to entice users to deposit digital assets. Reminding users to be particularly wary of this type of scam, KuCoin stated that it does not organize any activities outside of the official platforms kucoin. Users who have transferred digital assets to any deposit address published on the fraudulent site are instructed to report this to the police or relevant authority as soon as possible in order to recover their losses.
Scams whereby criminals impersonate figures or institutions within the cryptocurrency community in an attempt to purloin funds are unfortunately fairly common. Scammers have also been known to impersonate Cointelegraph journalists, offering positive coverage in return for cryptocurrency. This should always be a red flag as it is not how Cointelegraph operates and a full investigation is currently underway. Article source. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider.
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