The chief govt officer of crypto trade KuCoin is addressing the worry and uncertainty surrounding the platform and says that the corporate has no plans to halt its withdrawal providers.
KuCoin CEO Johnny Lyu dispels rumors that KuCoin is in dire monetary straits as a result of agency’s alleged publicity to embattled crypto initiatives reminiscent of hedge fund Three Arrows Capital (3AC).
“Undecided who’s spreading these sheer rumors, and what their intentions are, however KuCoin doesn’t have any publicity to LUNA, 3AC, Babel, and many others. No ‘immense endure’ from any ‘coin collapse,’ [and] no plans to halt withdrawal. All the pieces on KuCoin is working nicely.”
Lyu goes on to focus on some latest basic particulars in regards to the crypto trade platform in an effort to show that the gossip centered round KuCoin is fake.
“Some latest information about KuCoin and you can also make your personal judgment: –
-We completed $150 million fundraising at $10 billion valuation in Could.
-We’re one of many few platforms which might be nonetheless hiring.
-We’re extra energetic within the bear market, launching new options like OCO (one cancels the opposite) order, fiat pair.”
The CEO additionally says that KuCoin shall be extra clear and will probably convey authorized motion to these spreading false info.
“Being clear is all the time considered one of our key rules. We’ll quickly publish our 2022 H1 evaluation report the place you may know extra about our operations. For FUDers who deliberately unfold unverified information, KuCoin reserves the precise to take authorized actions.”
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