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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