Kucionclaims.com Scam: Fake Trading Fee Reimbursement Offer!
Beware of spam text messages from Kucoinclaims.com offering you Kucoin Trading Fee Reimbursement. It’s a scam. Kucoinclaims.com is a fake crypto trading website impersonating Kucoin Crypto exchange. The scam website lures people with fake promises of reimbursed trading fees, then proceeds to defraud the victims through advanced fees, processing fees, etc.
Here’s how the Kucoinclaims.com scam works and warning signs to look out for in a crypto trading platform.
Overview of Kucionclaims.com Scam
Kucionclaims.com scam website claims to be a platform where get reimbursed for up to $5,000 worth of trading fees. However this is false. Once you attempt to claim your rewards you’d be told to connect with your crypto wallet by scanning a QR code.
This is where the scam comes in.
When you try to withdraw the so called rewards from the site, you’ll be made to pay a certain fee for either tax or processing. However, after making the payment you’ll be locked out from the website and there’ll be no way to access your account or earning.
Kucoinclaims.com Scam: Redflags That Stand Out
Uses a Website URL different from Kucoin
The site URL is not the official Kucoin domain, kucoin.com. Kucoinclaims.com uses the Kucoin Logo to gain people’s trust. In reality it is not connected to Kucoin Crypto Exchange.
Recently Registered Website
According to who.is (a domain checker tool) kucoinclaims.com was registered on 12th October 2023. The registration details show that Kucoinclaims.com is not connected to Kucoin.com. Whereas Kucoin.com is hosted by Amazon Registrar Inc, the impostor website is hosted by HOSTINGER operations, UAB.
There’s No Contact Information
There’s no legitimate contact info such as a phone number, email, physical address, or customer support options provided.
Requests For Deposit Before you can Withdraw Rewards
Kucoinclaims.com asks users to pay for ‘processing fee’ in order to withdraw their rewards. In reality, real rewards programs do not ask for payment or crypto deposits upfront before validating eligibility and identity. This is a major red flag.
What To Do If You’re a Victim of Kucoinclaims.com Scam
Report The Scam to Authorities
The first step you should take is to report the scam to the appropriate authorities. This could include local law enforcement, the FBI, or the Federal Trade Commission (FTC). Reporting the scam helps to alert authorities to the problem and may also help them to identify and prosecute the scammer.
Contact Your Cryptocurrency Wallet Provider
You should contact the cryptocurrency exchange or wallet provider that you used. They may be able to freeze the scammer’s account or take other measures to recover your lost funds.
Warning Signs of a Crypto Trading Scam
- Trades crypto, but not registered as a money service business
- No real physical address, it’s clearly fake, or offshore.
- No customer service phone line.
- Website’s age doesn’t match its claims.
- The website won’t accept transfers from your bank.
- Winner of so many awards you’ve never heard of.
- Broken links, poor spelling, and bad grammar.
Conclusion:
Kucoinclaims.com is a scam website impersonating Kucoin Crypto Exchange. The scam uses fake rewards text messages to attract people. But just like Fimpocket, USDtuut USDtmarks, the fraudulent site requests for an upfront fee and disappears after receiving payment.
