KuCoin is a crypto exchange that used by many users these few times

As we know that the line’s condition these days shows not really good result

The ups and downs of crypto graphics hit anybody

Then, lately, a rumors about KuCoin bankrupt appears in public

Some people and crypto analyst start to give a warn to public

They started to give any tips and explanation

But, KuCoin CEO, Johnny Lyu, come to the public and argue about the rumors

He explains that it just a rumor

As cited from Cointelegraph,

Additionally, Lyu highlighted the company’s strong position by disclosing a recent $150 million funding,

Which placed the company’s valuation at $10 billion in May 2022.

Moreover, he pointed out that the company is currently hiring for multiple positions,

Requesting investors to make their own judgment amid the ongoing FUD.

Can Ethereum-based protocol, Aragon sustain over 70% gains in the long run

He said;

“No ‘immense suffer’ from any ‘coin collapse,’ no plan to halt withdrawal, everything on KuCoin is operating well.”

The rumors that appears says KuCoin’s intent to stop withdrawals with the Terra and the 3AC collapse,

Which will lead to immense suffer for the exchange.

In addition, to make his explanation valid,

Lyu confirmed to share the company’s 2022 H1 review report

Including the detail information about their operations.

Furthermore, he also sent out a warning to the people accusing KuCoin of shutting down services and creating panic among investors.

He also said;

“For FUDers who intentionally spread unverified info, KuCoin reserves the right to take legal actions. Don’t FUD, BUIDL.”