CoinEdition
Published Apr 28, 2023 02:30PM ET
KuCoin Confirms Wallet Identity of User Behind Multiple Rug Pulls
KuCoin exchange has confirmed that the crypto wallet responsible for thousands of rug pulls on its platform belongs to one of its users. The crypto exchange confirmed the information after a community member accused it of owning and controlling the same wallet.
In addition, the KuCoin exchange encouraged users to report infractions to the appropriate authorities whenever there is suspicion. The crypto exchange also implored users to submit all relevant materials to its team under such scenarios, noting its willingness to cooperate with investigations as soon as it receives relevant documents.
KuCoin has endured a challenging week that also saw its Twitter account compromised. The impostor used the exchange’s official Twitter to post misleading information, resulting in some of KuCoin’s followers losing their assets. KuCoin has since recovered the account and promised to reimburse those affected by the hack.
The post KuCoin Confirms Wallet Identity of User Behind Multiple Rug Pulls appeared first on Coin Edition.
See original on CoinEdition
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.