Renowned cryptocurrency exchange KuCoin has issued a warning to its users regarding a illicit website using its branding in an effort to steal crypto assets.
In line with a recent official report, posted today on 19th Aug., the web-site is offering false incentives to entice users to deposit digital assets.
It further clarifies that the online address “https://c.yrsm.net/app.php/MzI1” has no relationship to the KuCoin Group and isn’t authorized to use its trademark or other property.
Reminding users to be particularly wary of this sort of scam, KuCoin stated that it doesn’t organize any activities outside of the official platforms (kucoin.com and kucoin.io) without official notification:
“Under no circumstances […] don’t disclose any deposit address and instruct users to transfer digital assets to the designated address.”
Users who have transferred digital assets to any deposit address published on the illicit sites are instructed to report this to the police or relevant authority as soon as possible so as to recover their losses.
Scams whereby criminals impersonate figures or institutions within the cryptocurrency community in an effort to purloin funds are unfortunately fairly common.
One of the foremost notable recent such scams was last month’s famous Twitter hack that took over several accounts on the social networking website requesting users to transfer Bitcoin [BTC] & receive double reciprocally.