KuCoin’s Hong Kong Office — Is It A Facade Or Something More?

On Friday, the cryptocurrency community was met with a Medium article that puzzled many, quickly rising the ranks to the top of the crypto Twitter environment, as it claimed that KuCoin’s Hong Kong office was a sham.

“But why did an article gain such steam?” You may be asking.

Well, according to Jackson Wong, the author of said article, KuCoin’s Hong Kong office was nothing but a shell, advising users to be cautious whilst using the popular Asian cryptocurrency exchange. Although some were quick to shoot down this non-sensical FUD (fear, uncertainty, and doubt), as they saw it, Wong backed up his claims with evidence and photos of the location which KuCoin propagated as its Hong Kong location.

Firstly, the author highlighted previous information he had gathered on KuCoin, namely that the exchange was not operating out of Hong Kong as conflicting information made it seem. Reportedly, KuCoin touts that it is “home-grown” in Hong Kong, so the fact that local contacts Wong…