Home » KuCoin CEO Denies Insolvency Rumors and Publicity to LUNA, 3AC

KuCoin CEO Denies Insolvency Rumors and Publicity to LUNA, 3AC

by Admin
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The previous few weeks have been significantly detrimental for the cryptocurrency trade as main market individuals skilled huge challenges. One of many largest centralized lending platforms – Celsius – nonetheless hasn’t unpaused withdrawals, whereas main cryptocurrency hedge fund – Three Arrows Capital – filed for chapter.

Amid all this, rumors are working rampant every day and the newest to get below the radar was crypto change KuCoi.

  • An nameless Twitter account that’s gaining loads of consideration recently has lately urged customers to withdraw funds from KuCoin instantly. Inside hours, the tweet obtained a whole lot of retweets and hundreds of likes.
  • Then again, CryptoPotato lately reported that the CEO of FTX – Sam Bankman-Fried – argued that there are “some third-tier exchanges which might be already secretly bancrupt.”
  • Many trade individuals began spreading the rumors and though KuCoin is unlikely to be thought-about a “third-tier change,” individuals had been speculating rampantly.
  • The CEO of the change, Johny Lyu, took the chance to rapidly dismiss these rumors and reiterate that KuCoin is working as common and even hiring extra individuals.

Pay attention to FUDs!

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”, no plan to halt withdrawal, all the pieces on Kucoin is working nicely.

  • The CEO additionally reiterated that they’re “one of many few platforms which might be nonetheless hiring,” whereas additionally saying that they lately raised $150 million at a $10 billion valuation simply this Might.

Being clear is at all times one in all our key ideas. We are going to quickly publish our 2022 H1 evaluate report the place you possibly can know extra about our operations.

For FUDers who deliberately unfold unverified information, KuCoin reserves the proper to take authorized actions. – Lyu added.

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