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A Warning To Kucoin Users

The Kucoin exchange has been acting strange in the last couple of days. They are not paying bonuses for holding KCS tokens. They are completely silent on the issue and are now banning and removing anyone asking about missing payments.

 

The exchange is under investigation from the HK SFC. It’s highly likely Kucoin is about to implode.

Their roadmap only goes up until March. It’s also important to note that after this the team members and associated pictures were removed from https://intro.kucoin.com/

Airdrop tokens are not being distributed and ETH withdraws are still pending for 8+ days for users.

The exchange lacks various features even the most basic exchanges possess.

We recommend users to move their coins to a secure wallet until Kucoin releases an explanation of everything that is going wrong with the exchange. Never leave your coins in any exchange.

 

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Raiden Jones

CryptoLeak lead writer.

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13 Comments

  1. So, what stands out to me, is the use of a hotmail account. Wouldn’t you think the SFC would have a corporate exchange account?

    1. well, the fact it says ‘dear sirs’ should ring an alarm. Sounds like someone from Deli wrote that in their basement.

  2. I think this is just FUD, I was able to remove eth and btc 15 mins ago with no issues. Kucoin is running fine. They do have a hold on NEO coins but they are very up front about that. Just follow their twitter.

  3. This is FUD, KuCoin transactions have been normally coming through (withdrawals and deposits). Probably just a complaint from one individual (Siu Hau Pok) who lost some crypto and thought the SFC would help him put pressure on KuCoin. When the SFC gets the information they will disregard his complaint probably.

  4. Sadly it is true that Kucoin are not paying a lot of people holding KCS. But it is not just Kucoin who are acting strange…
    I suspect it may have to do with many exchanges attempting to hide all evidence of wrongdoings such as market manipulation, money laundering, tax avoidance etc… Huge amounts of money has been pumped out of the crypto markets and the exchanges are hard at work covering the tracks. I’m sure we will see some exchanges be made to “disappear”… People need to get their head out of the clouds and don’t keep assets on them.

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