The chief govt officer of crypto alternate KuCoin is addressing the worry and uncertainty surrounding the platform and says that the corporate has no plans to halt its withdrawal companies.
KuCoin CEO Johnny Lyu dispels rumors that KuCoin is in dire monetary straits because of the agency’s alleged publicity to embattled crypto initiatives akin to 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 so on. No ‘immense undergo’ from any ‘coin collapse,’ [and] no plans to halt withdrawal. Every little thing on KuCoin is working nicely.”
Lyu goes on to spotlight some current basic particulars in regards to the crypto alternate platform in an effort to show that the gossip centered round KuCoin is fake.
“Some current details about KuCoin and you can also make your individual judgment: –
-We completed $150 million fundraising at $10 billion valuation in Could.
-We’re one of many few platforms which are nonetheless hiring.
-We’re extra lively 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 deliver authorized motion to these spreading false data.
“Being clear is at all times considered one of our key rules. We are going to quickly publish our 2022 H1 assessment report the place you’ll be able to know extra about our operations. For FUDers who deliberately unfold unverified data, KuCoin reserves the appropriate to take authorized actions.”
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