Johnny Lyu, co-founder and CEO of the cryptocurrency exchange KuCoin, stated on Saturday that “everything on KuCoin is running fine” and that there was “no plan to halt withdrawal.”

The operating headquarters of KuCoin, which was introduced in September 2017, are located in Seychelles. With 18 million members in 207 countries and regions, it “offers over 700 digital assets and currently enables spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending.”

At a total valuation of $10 billion in 2022, the business “received approximately $150 million in investors through a pre-Series B round, bringing total investments to $170 million with Round A combined.”

Since March 2020, Lyu has served as the CEO of KuCoin

Earlier today, he turned to Twitter to refute reports that his business was having financial difficulties that were being shared by some users of Crypto Twitter. Here is an illustration of one of these tweets that spreads fear:

This is how the KuCoin CEO started his Twitter thread:

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News

KuCoin CEO Says Ignore FUD And There Is No Plan To Stop Crypto Withdrawals

Johnny Lyu, co-founder and CEO of the cryptocurrency exchange KuCoin, stated on Saturday that “everything on KuCoin is running fine” and that there was “no plan to halt withdrawal.”

The operating headquarters of KuCoin, which was introduced in September 2017, are located in Seychelles. With 18 million members in 207 countries and regions, it “offers over 700 digital assets and currently enables spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending.”

At a total valuation of $10 billion in 2022, the business “received approximately $150 million in investors through a pre-Series B round, bringing total investments to $170 million with Round A combined.”

Since March 2020, Lyu has served as the CEO of KuCoin

Earlier today, he turned to Twitter to refute reports that his business was having financial difficulties that were being shared by some users of Crypto Twitter. Here is an illustration of one of these tweets that spreads fear:

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

This is how the KuCoin CEO started his Twitter thread:

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.

— Johnny_KuCoin (@lyu_johnny) July 2, 2022

Some recent facts about #KuCoin and you can make your own judgment:
– We finished $150 M fundraising at $10 B valuation in May
– We are one of the few platforms that are still hiring
– We are more active in the bear market, launching new features like OCO order, fiat pair…

— Johnny_KuCoin (@lyu_johnny) July 2, 2022

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

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