KuCoin exchange has been at the center of Twitter crypto community discussions following rumors of a withdrawal ban, with KuCoin CEO Johnny Lyu quickly denying the rumors.
Twitter user @KongBTC and blockchain investigator @otteroooo have asked his followers to withdraw all funds from KuCoin, claiming that the exchange may soon stop withdrawing their funds.
WITHDRAW FROM KUCOIN RIGHT NOW
Not a drill
no time for thread
like and retweet to spread the message
otter hardly wrong in such matters
— otteroooo (@otteroooo) July 2, 2022
Rumors Expect KuCoin to Stop Withdrawing Funds Following the Collapse of Terra (LUNA) and the Collapse of 3AC
Lyu has highlighted the company’s strengths by revealing $150 million in funding recently, bringing the company’s valuation to $10 billion in May 2022. He also pointed out that the company now Hiring for multiple positions and asking investors to make their own decisions amid the ongoing FUD news.
“Everything in KuCoin is working fine.”
Lyu insisted on sharing the company’s audit report in the first half of 2022 with detailed information about the company’s operations, and finally, he sent a warning to those accusing KuCoin of shutting down the service and creating Panic to investors:
“For those who spread rumors and intentionally spread unverified information, KuCoin reserves the right to take legal action….DO NOT FUD, BUIDL.”
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