Not your keys, not KuCoin's: Red flags ignored

Not your keys, not KuCoin's: Red flags ignored

A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing Back in April of 2020, Cointelegraph took a close look at the KuCoin cryptocurrency exchange. Investigating the apparent lock of the primary domain name, which was a result of a legal case under the jurisdiction of the High Court of Singapore, we concluded that:In the absence of clarity from any of the individuals mentioned in this article, or from the company itself, users of the KuCoin cryptocurrency exchange will likely want answers on whether they are sending their money to....


Related News

Gensokishi Online Project Announces Decision to List MV Token on KuCoin and C...

PRESS RELEASE. GensoKishi are excited to announce that $MV ( MV(Polygon)/USDT trading pair) will list on KuCoin at 2022-04-20 18:00 (UTC), a leading cryptocurrency exchange in the world. GensoKishi are going to have various campaigns to celebrate the trading pair listing. Know more details. Please check the CAMPAIGN page on KuCoin! About KuCoin KuCoin is a cryptocurrency exchange established in 2017 and located in Hong Kong. KuCoin has a large selection of crypto assets that are only listed on KuCoin and are very popular worldwide. Due to 2022-4-14, it....

KuCoin plugs into Web3 with new decentralized wallet

KuCoin enters the Web3 world with a new decentralized wallet platform featuring cross-blockchain trading, DeFi and NFT functionality. Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam. KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application which is still in development. The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies including Bitcoin....

Kucoin Boss on Strategy After Hack: ‘We Chose to Act’

Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack It is now close to a year since the hack, yet Kucoin remains one of the leading crypto exchanges in the world and one that is favored by many users in Africa. Kucoin’s quick recovery from the incident can be attributed to many....

KuCoin Faces $300 Million Penalty After Pleading Guilty To US Charges

Cryptocurrency exchange KuCoin has pleaded guilty to operating an unlicensed money transmitting business, as reported by Bloomberg.  KuCoin Agrees To Hefty Fines  The plea was made before US District Judge Andrew Carter in Manhattan, who imposed a substantial penalty on KuCoin. The company agreed to pay nearly $300 million in fines and forfeitures, which includes […]

KuCoin Expands Southeast Asia Reach With Thailand Market Entry

Cryptocurrency exchange KuCoin is moving deeper into Southeast Asia with a fresh push into Thailand. Based on an announcement dated April 23, KuCoin is launching a new trading platform in the country by rebranding ERX Company Ltd, which was previously operating under Thailand’s Securities and Exchange Commission (SEC). KuCoin Thailand is now live, and the […]