KuCoin 'Your trading pin is expiring' SMS scam surfaces, and here's the official word

Cryptocurrency has always appealed to investors due to the appreciation that some coins gained in the past. The decentralized system of this currency has been another attractive factor for many.

Due to this, a lot of crypto exchange platforms have appeared and KuCoin is one of the most popular out there. Apart from the website, KuCoin is also available on Android and iOS.

KuCoin ‘Your trading pin is expiring’ SMS scam

Recently, KuCoin users have been receiving a scam SMS saying ‘Your trading pin is expiring’ along with a fake link to a phishing website.

Phishing is a form of scamming technique where the attacker impersonates a trusted entity and dupes a user into opening a malicious link.

Once you click on the website link in the SMS and enter confidential data, the scammer gets all the information, and they can misuse it in any form.

I received the SMS yesterday but deleted it from my phone cuz I know it was not on Kucoin page I set my password, so I see no reason why one would ask me to go there and change it.
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Be real with us @kucoincom and tell us you were hacked and phone numbers were skimmed. The amount of texts I’m getting saying my trading PIN is expiring is amazing. Grow a set of balls and let us know…
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Since the SMS comes to the number registered on KuCoin, some indicate that the company’s database could be compromised. However, KuCoin’s CEO has denied these allegations.

Issue acknowledged

Fortunately, KuCoin support has acknowledged the ‘Your trading pin is expiring’ SMS scam and warned users not to open such links. But they did not provide an ETA for a fix.

KuCoin’s CEO also responded and said that their database has not been compromised and that they are investigating this issue.

We can confirm that the KuCoin database has not been compromised, and we are still investigating with our SMS service providers.
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As always, we will keep track of further developments on the matter and let you know as and when we stumble across more information so stay tuned.

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