Crypto trade KuCoin has confirmed that the deal with allegedly chargeable for launching hundreds of memecoin scams belongs to one in all its customers. Nevertheless, the trade won’t freeze person property with none official discover from legislation enforcement.

On April 26, a Twitter person recognized a pockets deal with that launched two to 5 memecoins a day for 2 years. One other neighborhood member identified that the pockets addresses are “owned and managed” by KuCoin. As of now, blockchain explorer Etherscan has already marked the stated deal with as a pretend phishing pockets.

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