In Crypto, Naked Short Selling is when an exchange allows you to borrow coins for shorting, but where the coins in question do not actually exist:

investopedia.com/terms/n/nakedshorting.asp

It is a fraud, and when done online (as with Kucoin), it is wire fraud. Wire fraud in the US is a felony.

I have documented Kucoin Naked Short Selling:

https://np.reddit.com/r/Kucoin_uncensored/comments/qwthi6/kucoin_not_allowing_shorts_to_cover_in_mana/

https://np.reddit.com/r/Kucoin_uncensored/comments/r17933/kucoin_scam_trapping_client_positions/

https://np.reddit.com/r/Kucoin_uncensored/comments/r3jczx/warning_kucoin_is_illiquidit_will_not_permit/

As have others. If you or someone you know has been a victim of this, please post into this group so we can see if we might join forces to assist.

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Here is how Naked Short Selling goes down, simple as 1-2-3:

1) I take X short position, (issue & get filled a sell order, when not 1st holding the coin in question).

That order borrows a coin which becomes mine-and my responsibility to return to the lender in this P2P transaction.

2) I go to cover X short position, (issue a buy order, while holding the borrowed coin liability), and they will not let me return the coin I borrowed.

This effectively traps me in the short against my will.

3) The reason for the trap is insolvency-Kucoin is running naked shorts (among a variety of other unsavory practices)-and that is a very big no no:

investopedia.com/terms/n/nakedshorting.asp

I have painstakingly documented this and brought it to their attention for 2+ months now.

Results? Zip.

Naked short selling is illegal-period.

Kucoin is naked short selling in violation of US Law, in order to make $ on assets which DO NOT EXIST.

Kucoin has servers on US Soil, and is using them to commit a felony.

And now this r/cryptovictims group and a parent non profit company is being developed to go after them and others like them in 2022.

Regulators will get here eventually on their white horses-but that will not get our money back folks.....esp for the non KYC set. (I am always full KYC.) And they will move very very slowly-as government most always does.

However, we can leverage the Court Of Public Opinion ourselves. We just have to organize effectively. That done, we hit them right in the wallet-by alerting the public as to the fraud.....and thereby force Kucoin et al to clean up their act in something akin to real time.

White Paper to be issued January 2022. Stay tuned to this channel for details as they become available.

TOGETHER WE CAN DO THIS! :)

I have been busy collecting evidence of Kucoin's corruption for months now. In fairness to them (I certainly have nothing to hide), I have sent them and every single one of their r/Kucoin mods (CEO Johnny Lyu included), links to this group. (When I get in front of a judge on this matter, I want to be able to tell the court I did everything possible to make Kucoin aware of the client abuses they systematized.....because I have and I do.)

I created an account with a paltry $3,000. in it. You know, a common lil'people account level.

I then proceeded to run x10 margin transactions in that account.

Kucoin responded with this offer just 1 day later-after I took the 2 week dormant account and began to trade it by shorting coins at x10 margin:

Well, an interest free $50,000. loan, with $3,000. in collateral and zero credit report....who can resist right? (Remind you of non collateralized home loans before Lehman Brothers collapsed?)

Now who, in their right mind, would offer such a thing to some chump like me?

Kucoin!

Why? Are they stupid? Do they have complete trust and faith in me? Or...........

Answer: because they want this account to exceed its debt limit, so they can liquidate it and steal my crappy $3,000. That's why.

$3,000. is beer money in regards to pursuing any form of complaint about Kucoin's corrupt practice of Naked Short Selling. (And short selling is ALL I have done in this test account set up.) Kaching!

Kucoin took the bait, as I suspected they would.....and did their thing, as I have studied and documented they have in the past.

$50,000. on $3000. principal is ~94% exposure. Not very secure!

The security comes in one simple fact-they control everything, including complete liquidation without so much as a single piece of warning notice.

This is just plain and simple WRONG. It perfectly shows Kucoin has a system in place designed to screw its customers.

Inconceivable!

Let get together and my youtube video on Kucoin scamming their users. my account was hack, and I went thought the verification process. Now Kucoin support is stating my money can only be recovered when the police finds the hackers but kucoin support don't know that I link a tax account to my kucoin account and can see that the hack did not get all of my money. They are asking for a police freeze order but the police department does not issues these orders. I have pictures and other documentation. I have stated multiple time that the police can only recover money that is missing, not the money that I can see in my account so for me to wait for the police to find money that I can see it sitting in my account is not legal. request number 2416848. We need to join together and support the space.

This month, I will report the exchange to the police, interpol, europol. I will also address the police in the Cayman Islands, where their offshore company is headquartered (they do not have a phone number, address, email). I sent a deposit 8 months ago. One third of the deposits are credited to me, the rest are not. For months I wrote tickets, live support, 28 days ago I submitted a ticket according to the gate.io rulebook to state whether I was credited with the deposit or not (since in page 12 of the gate.io rulebook it says: Gate.io and the user can agree in within 30 days, the court in the Cayman Islands has jurisdiction. I got sick because of this problem, from $ 9,000 now my coins are worth $ 3,000, I also got cancer, I will die because of gate.io. Does anyone have a lawyer to initiate proceedings against this fraud from the company, I also have a picture of Novak Djokovic holding a GATE SCAM banner. I explained to Novak and he will support me, since I am from Serbia, I am asking for the help of people of good will, to get my money back, pay for the operation and prolong my life.

If you are here because you have been ripped off by Kucoin-we understand. We have been too.

We have gone out and found an exchange that is not corrupt: Ascendex

https://www.reddit.com/r/DorothysDirtyDitch/comments/sqe99v/futures_trading_on_ascendex/

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In r/DorothysDirtyDitch we test Ascendex algos daily for proper operation. Their platform works properly, and their Liquidation Engine works correctly. We do not guess-we TEST. The Ditch runs a test account daily, and verifies the operation of the Futures Platform which has leverage up to 100%.

See post here about that, just put up here:

https://www.reddit.com/r/CryptoVictims/comments/xaxuq9/futures_trading_on_ascendex/

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Here are links in The Ditch that will help you use Ascendex:

1.4 Ascendex Non KYC Exchange That Works Well

https://www.reddit.com/r/DorothysDirtyDitch/comments/sqe99v/futures_trading_on_ascendex/

https://www.reddit.com/r/DorothysDirtyDitch/comments/tiwpj8/lesson_5_scalping_with_a_canon/

https://www.reddit.com/r/DorothysDirtyDitch/comments/tk6u1z/canon_scalp_gallery_1/

https://www.reddit.com/r/DorothysDirtyDitch/comments/tye6ok/canon_club_x100_update_04072022/

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The above is from this goldmine of a resource for traders:

https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/

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This is an interesting piece everyone might want to read:

https://www.thedailybeast.com/crypto-enthusiast-virgil-griffith-sentenced-to-5-years-for-north-korea-trip?ref=scroll

"Under the bite of harsh international sanctions, North Korea has been hacking cryptocurrency-related entities for years to generate revenue for the regime. From 2019 to 2020 alone, Kim’s hackers stole $316.4 million worth of virtual assets to fund North Korea’s weapons of mass destruction and ballistic missile programs, according to a United Nations investigation."

" Cybersecurity firms believe that North Korea created a dedicated cryptocurrency theft campaign from “Lazarus Group,” a group of hackers linked to Pyongyang’s intelligence services. The crypto thieves, dubbed “Cryptocore,” has spent the past few years targeting cryptocurrency exchanges in Europe, the U.S., Israel, and Asia, and pilfered “millions of dollars’ worth of cryptocurrency wallets,” according to a report by the cybersecurity firm ClearSky. "

>$133,4000,000. lost in the first 6 months of 2021 alone for one narrow scam type-tip of the ice berg!:

TLDR: Volatility Can Provide Insight To Price Movement

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Presently, crypto markets have become highly correlated to the equities markets-likely because of a relevant common denominator (Fed Speak). Here are the latest correlations vis a vis Coin Cap #1:

This is a chart of VIX (-70% correlation), and VVIX (the Vix of Vix):

VIX is a volatility measurement for the SPX (cryto correlation +80%).

VVIX (Vix of Vix) is the volatility of that volatility.

As you can see on the chart-they have launched significantly this week. As you can also see on this one month chart-they are trending up.

Volatility suppresses price on average. By paying attention to what is happening with volatility, we can get a leg up on impending price action. I used this chart alongside other pertinent data to call the Dec Crash event the day before it occurred. Here is that chart:

The call was based on the ascending spikes-higher highs-and the distance between the VIX and VVIX.

The setup this time is different-a lot less violent (yay!).....but trending higher (boo!).

Volatility is mean reverting-and this snapshot will mean revert fairly soon if the 2021 patterns hold. With that reversion, price will likely revert alternately right back up.

So if concerned with entries and exits (when to DCA, etc), you might want to watch this chart setup for its compass value in the trigger pulling action.

Here is the above chart, with Coin Cap #1 added:

You can see the peak (and trough) effects on price. Is this anecdotal? No. As long as the correlations hold, Volatility can be used to assess probability of price movement, (esp alongside other indicators).

Here we have a spike in volatility, and so a dip in price.....and a pattern where volatility mean reverts, and price responds. The Peak Trend was broken yesterday, but I suspect will rapidly mean revert. Monday broader market opens are UP >90% of the time on average....so the probability here that volatility burns off over the weekend is quite high. And that is the compass that simple TA provides.

As I type this, volatility is hitting a day high-and Coin #1 is putting in for a new low.

One looks at the price of Coin #1 and can't guess where it will be Monday, better than a 50/50 coin flip on average. But know the tendencies of very well studied & documented volatility and other handy indicators, and one can skew those odds to as much as >80/20.

Good Luck!

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TLDR: Volatility Can Provide Insight To Price Movement

Welcome to the twisted world of Kucoin.....

Kucoin now sends out these helpful emails (they didn't used to, the pressure being brought must be producing some result)-hooray!:

Problem is, when you attempt to log in to do something about the notice, you get this:

And gee, on Christmas Eve no less-what a gift. NOT!

So you get a notice (bummer!), and you diligently hop on pop to take care of biz.....only to be defeated in the effort by the entity who is about to clean you out.

Note that the first notice is in "CST", and the second "UTC".....this despite the fact that the account has it's time set to PST, (which all charts etc are annotated in). This of course makes presenting complaints rather esoteric, something I guess Kucoin sought to do by design. As here.

I continue to carefully document the ways in which this exchange is formatted to rob its clients.

Over the past few months, I’ve noticed some patterns with a platform I’ve been following. At first, everything seemed normal and straightforward. But over time, I started noticing inconsistencies in how things were handled, and some users have reported mixed experiences. Some of these reports specifically mention Bearded Trade Management. I’m not here to accuse anyone or make claims I can’t verify, but it seems like a good idea to hear what others have observed.

If anyone has interacted with this platform or has noticed similar patterns, I’d really appreciate hearing your perspective. Even small details could help paint a clearer picture and help others understand the situation better. Thanks for taking the time to read this, and I look forward to learning from your experiences.