-based KuCoin has blocked a that is allegedly involved in a recent RChain () , RChain wrote in a on April 26.
RChain, the firm behind RHOC coin, informed its users that the company suffered a scam involving an containing counterfeit money.
In the apparent deal, RChain was set to send 11 million RHOC to its partners who expressed an interest in putting money into an escrow account. Once the money was in escrow, RChain sent RHOC to their as agreed. However, after the were sent, RChain found that the money in escrow was counterfeit.
Following the incident, RChain contacted KuCoin, which subsequently blocked the crypto of the alleged scammers. At press time, the address is blocked, with Etherscan warning that the address “received funds from an address which is involved in a RHOC scam.”
The amount of RHOC on the blocked account is worth around $310,000 at press time, according to data from . at around $0.0283, RHOC has a market cap of $10.6 million at press time. Back in January, RHOC was worth around $2.90, and once was in the top 30 projects on CoinMarketCap.
Recently, Cointelegraph reported that major exchange was officially bankrupt after the exchange for creditor protection, following the loss of access to cold wallets caused by death of Quadriga’s late co-founder Gerald Cotten in December 2018.
Published at Fri, 26 Apr 2019 23:16:42 +0000
