The cryptocurrencycurrency exchange KuCoin announced an airdrop of KuCoin (KCS) and Bitcoin (BTC) tokens. Ten million dollars will be given out in total. CEO Johnny Lyu acknowledged the service’s users for their unwavering support despite the challenges of late in a letter that was accompanied by a blog post.
In response to earlier concerns raised about the delays in the withdrawal procedure that some customers encountered on the 26th and 27th of this month, an airdrop has been released.
Liu tapped but refrained from discussing the circumstances that led to the exchange’s conclusion, which included the legal problems the exchange was having.
It is alarming that the U.S. Department of Justice has filed charges against two KuCoin founders for violating the Bank Secrecy Act and making unreported money transfers. As the Commodity Exchange Act and CFTC regulations were broken, banks in Australia and Singapore sold significant amounts of Bitcoin to drive down its price, and the CFTC launched a civil lawsuit for the violation.
Users are nevertheless encouraged to concentrate on legal security hurdles by the exchange platform. However, since the SEC summarizes the matter of the distribution of digital assets, the statement of the airdrop release might have some concerns related to law and order. In three days, the airdrop on KuCoin is anticipated to present the time for the rules.
