What is the Token of K-Net (K-Net Exchange Scam)?

What is the token of K-Net? According to the official announcement of K-Net, the

What is the Token of K-Net (K-Net Exchange Scam)?

What is the token of K-Net? According to the official announcement of K-Net, their platform token KCO (Korbitcoin) is a token issued based on KEX. It can be exchanged for other currencies and any digital assets. Specifically, users can obtain the token KokiCoin by depositing, withdrawing, or extracting assets on K-Net. They can also use the token to purchase goods and services on the exchange and enjoy benefits such as fee discounts during transactions.

The price of the token can generate profits through holding the token or selling it to others for corresponding profits. The token price also continuously increases over time, affecting market demand and investor participation.

K-Net Exchange Scam

According to the official announcement of K-Net (KEX) exchange, due to recent market surges, some investors suffered losses as their “USDT” holdings continued to increase but did not actually circulate. Users were deceived into withdrawing their assets to other wallets and Binance addresses.

It is introduced that “the K-Net exchange is a typical phishing scam” which uses the fluctuation of cryptocurrency prices to seek personal interests for customers and attracts victims to participate in investments by promising high returns. Currently, multiple victims have been taken in for investigation by the police on suspicion of fraud.

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