KuCoin CEO Johnny Lyu does not appreciate the FUD, and it shows as he warns: 'KuCoin reserves the right to take legal actions.'
) and 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange owing to high exposure to the fallen tokens.No “immense suffer” from any “coin collapse”, no plan to halt withdrawal, everything on KuCoin is operating well.While dismissing the supposed rumors through the above tweet, Lyu highlighted the company’s strong position by disclosing a recent $150 million funding, which placed the company’s valuation at $10 billion in May 2022.
“No “immense suffer” from any “coin collapse”, no plan to halt withdrawal, everything on KuCoin is operating well.” Further distancing KuCoin away from the insolvency rumors, Lyu confirmed to share the company’s 2022 H1 review report with detailed information about their operations. Finally, he sent out a warning to the people accusing KuCoin of shutting down services and creating panic among investors:
“For FUDers who intentionally spread unverified info, KuCoin reserves the right to take legal actions. Don't FUD, BUIDL.”
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