the news of course played an important role in the decline in prices ,it caused a lot of panic for investors giving that recently a lot of projects turned into SCAM , but once the exchange responded, i personally felt more relief .
i recommend paying more attention to this exchange as maybe in the future they turn into real exit scam.who knows !
Topic: Is Kucoin Exchange Doing An Exit Scam? (Read 155 times)
I think it's fake because the kucoin exchange has responded.
Its address is in Singapore, so this is fake news.
The reason for the decline is because the whole market is falling.
Its address is in Singapore, so this is fake news.
The reason for the decline is because the whole market is falling.
They explained about this problem 2 days ago, link here https://news.kucoin.com/en/the-clarifications-on-kucoin-office-locations, but it seems that users are distrust this explanation.
Kucoin Exchange's reputation is not very good, compared to several other Chinese exchanges, such as binance, huobi, OKex, gate.io and other exchanges, Kucoin is not very popular with Chinese players.
there's always been a lot of fud going around kucoin but it always turned out to be false.
anyways, in my opinion kucoin is a great exchange for making money during alt season - but all other periods, stay away from it.
anyways, in my opinion kucoin is a great exchange for making money during alt season - but all other periods, stay away from it.
There is this Youtube video going round that Kucoin Exchange is doing an exit scam. That their offices in China is empty. Could this be responsible for the massive dip in Kucoin Shares coin (KCS)?
https://youtu.be/E9Tfh1ag5_c
I can not believe that Kucoin Exchange offices in China are empty. It seems to me that Kucoin Shares coin falls down due to the fact that the entire crypto market is falling now. I think when the market will return to normal, then with (KCS) everything will be fine. https://youtu.be/E9Tfh1ag5_c
There's something fishy going on, but perhaps perfectly explainable. You see, even a #53 exchange is able to earn many millions a year for their service. By pulling an exit scam, they earn big 1 time, but then have to face consequences for sure at some point.
Being liquid enough at this point (when everything is down so much) is a different story. I wonder if they took a gamble by putting too much of their earnings into promotion instead of building a healthy company.
Being liquid enough at this point (when everything is down so much) is a different story. I wonder if they took a gamble by putting too much of their earnings into promotion instead of building a healthy company.
Probably just FUD but be alert and do your own research as well.
An exchange closing at this time will give the market further beating.
An exchange closing at this time will give the market further beating.
That's not good news ... 
May be. But all other coins are going down today. So this is just due to the current market conditions. I also saw an article saying that this new about kucoin is just a rumor.
There is this Youtube video going round that Kucoin Exchange is doing an exit scam. That their offices in China is empty. Could this be responsible for the massive dip in Kucoin Shares coin (KCS)?
https://youtu.be/E9Tfh1ag5_c
https://youtu.be/E9Tfh1ag5_c
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