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

Cointelegraph

Published Jul 02, 2022 07:12AM ET

Updated Jul 02, 2022 09:00AM ET

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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