KuCoin confirms an alternate consumer is behind alleged each day rug pulls

Crypto alternate KuCoin confirmed that the handle allegedly liable for launching 1000’s of memecoin scams belongs to one in every of its customers. Nonetheless, the alternate won’t freeze the consumer’s belongings with none official discover from legislation enforcement.

On April 26, a Twitter consumer recognized a pockets handle that launched two to 5 memecoins each day for 2 years. One other neighborhood member identified that the pockets addresses had been “owned and managed” by KuCoin. In the meanwhile, blockchain explorer Etherscan has already marked the mentioned handle as a faux phishing pockets.

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