KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal” By Cointelegraph

KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”

Cryptocurrency Jul 03, 2022 09:20AM ET

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KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”

Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter (NYSE:TWTR) started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was, however, quick to dismiss the unvetted rumors before they picked up steam.

Prominent crypto figures on Twitter, including trader @KongBTC and blockchain investigator @otteroooo, requested their followers to withdraw all of their funds from the KuCoin while claiming that the exchange may soon stop all users from withdrawing funds.

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KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”

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