Tock-KC is a fake crypto investing app that’s luring investors into parting with their cash with no hope of getting it back.
The fraudsters convince investors that they’ll get huge returns by using their funds to invest in crypto via the app but these never materialise.
Instead, when the victim tries to withdraw their money they find their account blocked. They’ll then be hit with demands to pay fees or taxes in order to release their investment.
However, this is another part of the scam and is designed to get even more money out of the victims.
We have been contacted by several people who’ve used this app only to find they’ve been locked out of their accounts and they can no longer access their money.
The fraudsters have tried to extract more funds from them using a variety of methods which have added to the losses.
The app is very new, which is an automatic red flag, and fails to demonstrate how it intends to make the high daily profits it claims to offer.
The victims we’ve spoken to have also been contacted at random via social media, another telltale sign that the platform is a scam.
If you’re going to invest in crypto make sure you do your due diligence and only use legitimate platforms.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.