KuCoin is trying to keep its customers on board in the face of legal challenges from multiple regulatory agencies by launching a $10 million crypto drop.
KuCoin Working On Confidence Retention
Crypto exchange KuCoin has announced an initiative under which it will be airdropping $10 million worth of BTC and KCS to its users as a token of appreciation for their continued patronage, amidst the legal troubles the exchange is facing.
The initiative was announced via an open letter penned by KuCoin CEO, Johnny Lyu soon after the Department of Justice alleged that the exchange had violated the Bank Secrecy Act by operating as an unlicensed money-transmitting business. KuCoin has also been recently slapped with a civil case by the CFTC for allegedly violating the Commodity Exchange Act.
Legal Cases Takes Toll
As a result of these two significant legal cases against it, KuCoin’s assets under management witnessed a 20% drop with over $1 billion of crypto being withdrawn fr
We współpracy z: https://cryptodaily.co.uk/2024/03/kucoin-announces-10m-crypto-drop-amidst-regulatory-trouble
