The KuCoin chief addresses RD&D, saying that Crypto Exchange has zero plans to stop withdrawals

The KuCoin chief addresses RD&D, saying that Crypto Exchange has zero plans to stop withdrawals
The KuCoin chief addresses RD&D, saying that Crypto Exchange has zero plans to stop withdrawals

The CEO of the crypto exchange KuCoin addresses the fear and uncertainty surrounding the platform and says that the company has no plans to stop the withdrawal services.

KuCoin CEO Johnny Lyu displaces rumors that KuCoin is in major financial difficulties due to the company’s alleged exposure to difficult crypto projects such as hedge fund Three Arrows Capital (3AC).

Not sure who is spreading these pure rumors, and what their intentions are, but KuCoin has no exposure to LUNA, 3AC, Babel, etc. No “huge suffering” from any “coin collapse”, [and] no plans to stop the withdrawal. Everything on KuCoin works well. ”

Lyu goes on to highlight some recent basic details about the cryptocurrency exchange platform in an attempt to prove that the gossip surrounding KuCoin is false.

“Some recent facts about KuCoin and you can make your own assessment: –

-We completed the $ 150 million fundraiser worth $ 10 billion in May.

-We are one of the few platforms that still employ.

-We are more active in the bear market, and launch new features such as OCO (one cancels the other) order, fiat pair.

The CEO also says that KuCoin will be more transparent and possibly lead to legal action against those who spread false information.

“Being transparent is always one of our main principles. We will soon publish our review report for 2022 H1 where you can know more about our business. For FUDs who intentionally disseminate unconfirmed information, KuCoin reserves the right to take legal action. “

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