KuCoin Stays True to Its Motto “The People’s Exchange” With $10M Airdrop Compensation
- KuCoin CEO announced that the exchange will be airdropping $10M in BTC and KCS
- FUD caused users to withdraw more than $1 billion from KuCoin
- Lyu stated that KuCoin stayed loyal to its motto the “People’s Exchange”
CEO of KuCoin Exchange Johnny Lyu announced that KuCoin will be air-dropping $10 Million worth of KCS and BTC. In Lyu’s words: “To express our profound gratitude for your support and patience, KuCoin will launch a special airdrop event totaling 10 million USD in KCS and BTC”
In particular, this announcement comes after KuCoin was slapped with allegations from both the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission(CFTC).
With the allegation against KuCoin, fear, uncertainty, and doubt (FUD) took the better of many users and as a result, KuCoin saw around $1 billion in crypto being withdrawn, causing a 20% drop in assets under management.
Addressing the issue and thanking the loyal users, the CEO of KuCoin stated in a blog post on their official website:
I would like to express my gratitude to all KuCoin users, for your support, trust, and companionship during the past few days, as well as the pas…
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