Cryptocurrency alternate KuCoin has issued a warning to customers concerning a fraudulent web site utilizing its branding in an try to steal cryptocurrency.

According 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 deal with “https://c.yrsm.net/app.php/MzI1” has no relationship to the KuCoin Group and isn’t approved to make use of its trademark or different mental property.

Reminding customers to be significantly 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:

“Under no circumstances […] intend to disclose any deposit address and instruct users to transfer digital assets to the designated address.”

Users who’ve transferred digital belongings to any deposit deal with printed on the fraudulent web site are instructed to report this to the police or related authority as quickly as potential in an effort to recuperate their losses.

Scams whereby criminals impersonate figures or establishments inside the cryptocurrency neighborhood in an try to purloin funds are sadly pretty frequent.

One of probably the most notable current 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 ought to all the time be a crimson flag as it’s not how Cointelegraph operates and a full investigation is presently underway.