VICTORIA, Seychelles–(COMMERCIAL WIRE)–KuCoin, one of the top 5 crypto exchanges in the world, has launched a comprehensive set of anti-fraud measures to provide more security tools to prevent trading scams. In addition to official contact verification, newly added measures include advanced antiphishing verification and business wallet address verification, which significantly reduce the potential for fraud.
To prevent phishing, a common scam in which the attacker tricks the user into providing private information by posing as a trusted source. Since it is unavoidable to prevent spoofing on different social media apps, KuCoin has added a new key feature to its platform – business wallet address verification. Most KuCoin business wallet addresses could be verified through the Official Verification Portal for Purses and Media. In cases where the scammer is posing as a KuCoin official to offer a business proposition, at the very last moment of the transfer, the official wallet address verifier will be effective to prevent the scam from happening. Please note that the verification portal can only verify KuCoin official business wallet addresses based on ETH-ERC20, BSC-BEP-20, TRX-TRC20 and SOL-SPL standards. Also, the verification portal may not be able to verify non-USDT/USDC addresses that would normally be generated only after technical integration.
Other features of the Official Wallet and Media Verification Portal include:
- Anti-phishing verification: All communications from the KuCoin team to companies will contain an 8-digit number created by the company during the RFQ process to verify authenticity.
- Official Contact Verification: If users ever question the authenticity of a person claiming to be from KuCoin, all KuCoin staff contact information (email addresses, phone numbers, and social media accounts) can be verified through the same portal .
“As the People’s Exchange, at KuCoin, ensuring the safety of users is our top priority. With the launch of the new anti-fraud suite, we will provide a comprehensive set of measures to help users and businesses verify before taking any action. , which could protect our users’ assets. By introducing these new anti-fraud features, we are taking a proactive approach to preventing fraudulent activity and giving users the peace of mind they need to operate with confidence. I encourage our users to take advantage of this anti-fraud system and verify your transactions. And rest assured, as we continue to evolve, we will introduce stronger security features and tools to enhance the overall trading experience.” said Johnny Lyu, CEO of KuCoin.
KuCoin is committed to providing its users with a safe and secure trading experience. The launch of the new anti-fraud suite is just the latest in a series of initiatives to ensure the platform remains one of the most secure in the industry. In an increasingly digital world, trust begins with security and transparency. These new anti-fraud features will further strengthen user self-protection. The new anti-fraud suite is available on the platform immediately. Additionally, users are encouraged to verify their identities and enable two-factor authentication for added security. Click here to obtain more information.
About KuCoin
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusion and community action outreach, it offers over 700 digital assets and currently offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 27 million users in 207 countries. and regions.
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Cryptocurrency Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for Enthusiasts.
For more information, visit https://www.kucoin.com.
