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KuCoin Blocked Wallet Related With Rchain Token Scam

Xuefei Ju

Summary: According to a blog post by Rchain on April 26, the Singapore based cryptocurrency exchange KuCoin blocked a crypto wallet which is related with Rchain token scam. According to the deal, Rchain planned to send 11 million RHOC tokens to partners who agreed to put money into a escrow account. Once the money was in ...

According to a blog post by Rchain on April 26, the Singapore based cryptocurrency exchange KuCoin blocked a crypto wallet which is related with Rchain token scam. According to the deal, Rchain planned to send 11 million RHOC tokens to partners who agreed to put money into a escrow account. Once the money was in escrow, Rchain would send the tokens to their agreed wallets. However, Rchain found the money in escrow was counterfeit. So far, about 310,000 worth of RHOC tokens was blocked. 

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