KuCoin head denies rumors about company’s bankruptcy
- July 3, 2022
- 0
Cryptocurrency exchange KuCoin has no plans to stop withdrawals of user funds and has no balance issues. This was stated by the CEO of the company Johnny Liu.
Cryptocurrency exchange KuCoin has no plans to stop withdrawals of user funds and has no balance issues. This was stated by the CEO of the company Johnny Liu.
Be aware of FUDs!
I’m not sure who spread these naive rumors and what their intentions were, but #KuCoin LUNA, 3AC, Babel, etc. has no contact with it.
No “huge losses” from any “coin crashes”, no plans to stop withdrawals, everything on KuCoin works fine.
— Johnny_KuCoin (@lyu_johnny) July 2, 2022
“Attention FUD! I’m not sure who is spreading these false rumors and what their intentions are, but KuCoin has nothing to do with LUNA, 3ACBabylon [Finance] and others. There is no “major pain” from any “coin collapse”, no plans to stop withdrawals, everything is going well with KuCoin,” Liu wrote.
Earlier on the network there were rumors about the bankruptcy of the company. Some influencers reported delays in processing withdrawal requests, encouraging users to transfer assets to other platforms.
The withdrawal started about an hour ago.
It’s still processing.Usually withdrawals take less than 5 minutes…
This is not a joke.
— Kong Trading 🦍 (@KongBTC) Jul 1, 2022
According to Liu, KuCoin has sufficient balance sheet funds to weather the crisis, as the platform raised $150 million in May 2022 at a valuation of $10 billion.
He noted that the company continues to hire new employees and launch bear market tools such as fiat pairs. OCO-orders.
Liu stressed that the stock market will publish its financial report for the first half of 2022 “soon”. It also stated that KuCoin reserves the “right to prosecute” anyone who spreads “unverified information”.
Recall that FTX chairman Sam Bankman-Fried warned of the “hidden bankruptcy” of some third-tier bitcoin exchanges.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
