Cryptocurrency exchange KuCoin has announced a substantial $10 million airdrop of Bitcoin (BTC) and its native token, KuCoin Shares (KCS). This development is in response to legal issues the exchange has been going through lately, with allegations from both the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC).
Thanks for standing by and trusting KuCoin during this time. It means a lot to us.
With great gratitude, we’ll launch a special $10M airdrop in $KCS & $BTC to the users who experienced longer-than-expected wait times during the withdrawal process in the past 2 days.
Details…
— Johnny_KuCoin (@lyu_johnny) March 27, 2024
KuCoin’s Response to Legal Challenges
Following a Department of Justice’s filing of charges for the Bank Secrecy Act violations and operating an unlicensed money-transmitting business and a CFTC’s civil case for the Commodity Exchange Act violation, Johnny Lyu, KuCoin CEO, has announced this airdrop.
In Lyu’s
We współpracy z: https://coingape.com/kucoin-launches-10m-airdrop-following-doj-and-cftc-charges/
