Posted 4/5/2024, 3:10:00 PM
KuCoin Warns Users About Sophisticated Phishing Scams Exploiting Recent Controversies
- KuCoin issued alert about phishing scams mimicking their branding via SMS to trick users
- KuCoin announced changes to SMS notifications in May 2023 to improve security
- CEO Johnny Lyu warned users to beware phishing scams exploiting fear, uncertainty, and doubt (FUD)
- Scammers falsely claimed KuCoin was shutting down to urge users to hastily withdraw assets
- In March, KuCoin charged by U.S. prosecutors for anti-money laundering violations, sparking scams
