The past few weeks have been particularly detrimental for the cryptocurrency industry as major market participants experienced massive challenges. One of the largest centralized lending platforms – Celsius – still hasn’t unpaused withdrawals, whereas leading cryptocurrency hedge fund – Three Arrows Capital – filed for bankruptcy.
Amid all this, rumors are running rampant on a daily basis and the latest to get under the radar was crypto exchange KuCoi.
Be aware of FUDs!
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.
Being transparent is always one of our key principles. We will soon publish our 2022 H1 review report where you can know more about our operations.
For FUDers who intentionally spread unverified info, KuCoin reserves the right to take legal actions. – Lyu added.