Journalist Jackson Vaughn decided to visit the office KuCoin cryptocurrency exchanges in Hong Kong, but at the specified address not found him.
The journalist took the address from the register of companies in Hong Kong, but found only two companies: Rich Moral CPA and Smart Team International Consultants. The second worked with KuCoin through unit Smart Secretarial Team. The company was located in this office building, according to employee Rich Moral CPA. She also noted that during his work in the building have not heard of KuCoin, nor any other cryptocurrency companies.
Based on this information, the journalist suggested that the exchange may sooner or later shut down operations and take customers money.
Soon representatives issued a response to the inquiry of a journalist. According to them, the address in KuCoin is only the mailing address of the subsidiary KuCoin, and the main office is located in Singapore.
It is worth noting that at the end of the first quarter of this year KuCoin issued a press release in which were pictures of teams in three different offices, which look very authentic. On this basis, the exchange hardly constitutes fraud, but rather the difference between the official address and actual was created to reduce the tax or other legal aspects.