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.
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.”
- Also about crypto: U.S. Lawmakers: There Is Inequality In Crypto Industry
