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. “
Check price action
Don’t miss a beat – Subscribe to have crypto email alerts delivered directly to your inbox
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
 
Disclaimer: Opinions expressed by The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.
Selected image: Shutterstock / Gl0ck / Sensvector
