WARNING: KuCoin’s Hong Kong office is empty. Be extremely cautious about depositing money into this exchange. (Proof Photos Attached)

Jackson Wong
5 min readAug 10, 2018

Recap of the Previous Findings
In a previous post, we have looked into the KuCoin Cryptocurrency Exchange and noticed that their office in Hong Kong is nothing but a virtual office address. We have been extremely worried that money in this exchange will be locked up in the next China crackdown. It appeared that they have luckily survived the hit by staying under the radar. But their KuCoin Shares have plummeted from its all time high of 20 USD to the current 2 USD since then.
(Recap post here: https://medium.com/@jacksonwong2244/warning-kucoin-is-operating-in-sichuan-of-china-e08ca697030e)

Its Recent Situation
Being home-grown in Hong Kong, this exchange has always been very suspicious to me. First off, I have honestly never heard of this exchange in within the Hong Kong community. And secondly, if they have really been in Hong Kong, the Securities and Futures Commission of Hong Kong (SFC) would already have taken a move on them and suspended their trading activities since they do not have a licence here in Hong Kong. See this SFC notice for reference. It says the SFC has taken regulatory actions against 7 Hong Kong cryptocurrency exchanges: https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=18PR13

--

--