The crypto endangerment will always be under looked by die-heart supporters. Imagine getting exposure to memecoins with the guise of making money as the perception of 'low risk' 'high reward' strategy is the ultimate aim of investors, knowing fully a ninety per cent of memecoins are rugs and scams and are common with crypto.
Never the less, critics of crypto related products accept their fate when reporting malpractices as the culprit hides the truth from the public and downplay to never be cought.
As a matter of fact, most crypto centralized exchanges have face regulatory concerns about their operations in certain jurisdictions.
Regulatory complaints ensures malpractices are avoided within the capital markets. Unfortunately, due to the anonymity of crypto assets regulatory measures face challenges and this gives an upper hand to operate the way they do; hence, malpractices.
Most centralized Cryptocurrencies exchanges have faced malpractices and it's a win for them as much information is hidden from the public. From Coinbase insider trading to Binance's C Z bot trading accounts is regarded as blackmails by some crypto investors even when the proof is clear for the public eye.
Today, we will examine a partly related simple kucoin fraudulent activity. Perpetrated by unkown actors.
Touted as "The People's Exchange", kucoin is common with pump and dumb trading. You will discover and also be questionable about kucoin if they work in-line with fraudsters like Crypto VIP Signal.
This announcement should in no way be linked to a group of individuals with malpractices, if not; the company itself should be held responsible for promoting or exposing criminal activities.
The said telegram channel in this announcement is found with pump and dumb activities.
These few cases of pump and dumb trading advertised and operated by the channel owner is meant to ripped off their community. Consequently, Kucoin should be held responsible for fraud given their client is guilty of such market manipulation. The following trading events will account for our accusations.
1/ ACT/USDT chart view: the chart view below is a well manipulated chart by Crypto VIP Signal.
Crypto VIP Signal CALL: "The coin we have picked for today's Mega Bull Call is: ACT"
2/ XCV/USDT chart view: the chart view below is a well manipulated chart by Crypto VIP Signal.
Crypto VIP Signal CALL: "The coin we have picked for today's Mega Bull Call is: XCV"
3/ IHC/USDTchart view: the chart view below is a well manipulated chart Crypto VIP Signal.
Crypto VIP Signal CALL: "The coin we have picked for today's Mega Bull Call is: IHC"
The three charts depicts the same partern of trading events. These accusations can be verified on Crypto VIP SIGNAL CHANNEL with the search term "Mega Bull Call" and numerous calls like those above will be displayed.
If your favorite CEX partner's with criminals, it should be of your best interest to use the bitcoin norm; "Don't Trust, Verify".
And that's not just all, some telegram channels have concerns about their community and alerted their community about kucoin's activities.
[Source]
Why should you care
The crypto community hunt GEMS on Kucoin and most of these GEMS turn to be dead coins subsistible to pump and dumb trading. And while fraudsters take advantage of a platform like Kucoin for their criminal activities, and at the same time partnering with Kucoin; is why you should care. Also, Crypto VIP Signal has amassed a massive amount of 300k community members for their telegram channel.
Moreover, at the time of the announced telegram voice AMA held between Kucoin CEO and Crypto VIP Signal channel, Kucoin's twitter handle was hacked. This explains why exchanging communication with criminals should be neglected.
Fortunately, the said AMA haven't come to fruition and without future reschedule, but the harm cause could be more than the AMA itself; exposing Kucoin community to fraudsters should not be taken lightly.
As valuable as Kucoin service the crypto market, it should be your greatest support as a user of their platform to help them standout of the crowd whenever there is bad conduct.
This is how the crypto VIP Signal trap their community by promising high profit target.
[Source]
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