OKCoin is reminding all users and the wider investment community:
There has been recent growth in third party financial products advertised as “social financial help” which have promised high-return and high yield using virtual currencies as a funding medium.
OKCoin officially declares:
OKCoin is a neutral exchange offering no assurances or advice on investments in virtual currencies. OKCoin has never cooperated with operators of MMM or any other similar financial schemes nor has OKCoin engaged in any advertising of such schemes. Any third party scheme operator using the OKCoin name in any material has not obtained the right to do so.
OKCoin is a professional Bitcoin exchange, and we are dedicated to the security of our user assets. OKCoin also seeks to give users prompt warnings and information about matters related to the safety of user funds. We wish to remind investors to take caution of investments associated with multi-level marketing ponzi schemes based on Bitcoin, in order to avoid financial loss.
OKCoin will always fulfill our obligation to follow government requirements pertaining to anti-money laundering and KYC to ensure market stability. Our customer service team as always is online 24/7 by phone, email, and live chat in both English and Chinese, ready to serve you. If you have any questions, please contact us. Customer service can be reached at email@example.com.
Related links: OKCoin posted on October 8th, 2015 the first warning against fraudulent financial schemes based on Bitcoin. https://www.okcoin.cn/t-1009687.html. This announcement was posted only in Chinese at the time as the scheme targeted Chinese nationals.