Johnny Lyu, the CEO of KuCoin cryptocurrency exchange has refuted rumors that the platform has halted withdrawals on their platform owing to the heavy losses suffered due to the LUNA collapse. KuCoin CEO Clarifies Withdrawals FUD In a Twitter thread published on July 2, the CEO of KuCoin stated that the platform has no plan to halt withdrawal and that everything is operating well. “Not sure who’s spreading these sheer rumors, and what their intentions are, but #KuCoin does not have any exposure to LUNA, 3AC, Babel, etc. No “immense suffer” from any “coin collapse,” no plan to halt withdrawal, everything on KuCoin is operating well.” Some recent facts about #KuCoin and you can make your own judgment:– We finished $150 M fundraising at $10 B valuation in May– We are one of the few platforms that are still hiring– We are more active in the bear market, launching new features like OCO order, fiat pair… — Johnny_KuCoin (@lyu_johnny) July 2, 2022 To assure confidence among users, Lyu noted that the exchange recently finished its $150 million fundraising in May 2022 taking the company valuation to $10 billion. He also added that while many crypto exchanges have announced layoffs, KuCoin continues to grow with more hiring including launching new features like OCO order, fiat pair etc. He further threatened legal actions against those trying to spread the FUD and maligning the exchange, by saying: “Being transparent is always one of ou...
