The CEO of the cryptocurrency exchange KuCoin, which is in a lawsuit with the US, announced an airdrop campaign.
The US Department of Justice (DOJ) recently sued the cryptocurrency exchange KuCoin on charges of violating banking laws and conducting unregistered money transmission activities.
After this lawsuit, a panic environment was created, and it was seen that 1 billion dollars worth of cryptocurrencies were withdrawn within 24 hours.
Following the tension, KuCoin’s CEO Johnny Lyu announced that a $10 million airdrop would be made to users.
The CEO stated that the airdrop will be made in the exchange’s local token KCS and Bitcoin and that more details will be announced in the next 3 days:
We thank you for being with KuCoin and trusting it. This means a lot to us. With great gratitude, we will start a special airdrop of $10 million in KCS and Bitcoin to users who have experienced longer waiting times during withdrawal processing in the last 2 days. Details will be revealed in 3 days.
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