Cryptocurrency alternate KuCoin has issued a warning to customers relating to a fraudulent web site utilizing its branding in an try to steal cryptocurrency.
In accordance to the report, posted Aug 19, the web site is providing false incentives to entice customers to deposit digital belongings.
It additional clarifies that the online tackle “https://c.yrsm.internet/app.php/MzI1” has no relationship to the KuCoin Group and isn’t approved to use its trademark or different mental property.
Reminding customers to be notably cautious of this kind of rip-off, KuCoin acknowledged that it doesn’t set up any actions outdoors of the official platforms (kucoin.com and kucoin.io) with out official notification:
“By no means […] intend to disclose any deposit tackle and instruct customers to switch digital belongings to the designated tackle.”
Customers who’ve transferred digital belongings to any deposit tackle revealed on the fraudulent web site are instructed to report this to the police or related authority as quickly as attainable so as to get better their losses.
Scams whereby criminals impersonate figures or establishments throughout the cryptocurrency neighborhood in an try to purloin funds are sadly pretty frequent.
One of essentially the most notable latest such scams was final month’s infamous Twitter hack which took over a number of accounts on the social networking web site requesting customers to ship Bitcoin (BTC) and obtain double in return.
Scammers have additionally been recognized to impersonate Cointelegraph journalists, providing optimistic protection in return for cryptocurrency. This could at all times be a pink flag as it isn’t how Cointelegraph operates and a full investigation is at the moment underway.