KuCoin CEO Johnny Lyu denied the rumors that the company could halt withdrawals.
Lyu stated that he does not know by whom and for what purpose these rumors were made, and that KuCoin is not related to projects such as LUNA, Three Arrows Capital and Babel Finance.
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York court.
Lyu emphasized that the company has no plans to stop withdrawals and that KuCoin is working well.
Additionally, Lyu stated that the company reached a valuation of $10 billion in May, with donations of $150 million.
Despite the bad trend in the crypto industry, KuCoin remains one of the few companies that still recruit.
