Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

KuCoin CEO response against exchange insolvency FUDs

0
(0)
KuCoin CEO response against exchange insolvency FUDs 2

The chief executive officer of the KuCoin crypto exchange responded to the claims made against the crypto exchanges by a Twitter account, which is now deleted.

KuCoin is a leading crypto exchange, which provides safe crypto trading services globally. The exchange has hands in multiple sectors of the crypto industry. Due to quality crypto services, the exchange is standing at 5th rank, just after the Gate.io exchange. 

On 23 July, a Twitter account @Otteroooo claimed that it accessed some internal information regarding the KuCoin exchange. That Twitter account tweeted about multiple facts and points of view to explain the trouble going on with the KuCoin exchange, which was not any type of case according to the exchange.

The account @Otteroooo has been deleted for now but still, the KuCoin exchange responded against these allegations. 

In particular, that Twitter user claimed KuCoin was holding some significant worth of funds in Luan coin, which collapsed badly in May of this year, so the Exchange is currently under a situation where it may faced huge trouble. 

Through the blog post, Johnny Lyu, CEO of KuCoin, said that the exchange had no exposure to the Terra (old Luna) and the Luna balance on the KuCoin exchange is under the holding of KuCoin customers. 

Further, KuCoin CEO said that the exchange is responsible to provide highly simple & secured services to the customers so that customers can use their assets any time as per need.

Lyu explained:

“Having a LUNC wallet does not necessarily mean KuCoin as a company is holding lots of LUNC tokens, and I’m sure the difference is obvious.”

This was not the first time when Fud came against the KuCoin exchange. Earlier this last month, some speculations claimed that the KuCoin exchange lost huge money because of the Terra collapse. 

At that time, KuCoin’s CEO denied all the FUDs and also confirmed that the exchange had no exposure with troubled crypto firms Babel and Three Arrows Capital.  Lyu also warned people to sue, which are spreading FUDs and degrading the reputation of the exchange.

Read also: Korean Investigators raid Home of Terra blockchain founder

KuCoin CEO response against exchange insolvency FUDs

 

https://bitcoinik.com/kucoin-ceo-response-against-exchange-insolvency-fuds/feed/

https://bitcoinik.com/kucoin-ceo-response-against-exchange-insolvency-fuds/feed/

 

 

 

 

 

Ads by Cryptonews24

 

ETH-ERC20 Mining and Financial Management

ETH-ERC20 Mining and Financial Management

✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.

The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:

✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY

✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY

✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY

✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY

✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY

✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY

✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY

 

📌 You must open wallet  (Metamask, Tronlink e.t.c. ) and connect it,  for earning income

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327

 

ETH-ERC20 Mining and Financial Management

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat