The CEO of KuCoin, a cryptocurrency exchange, announced an airdrop campaign.
The US Department of Justice recently filed a lawsuit against KuCoin for violating banking laws and conducting unregistered money transfer activities.
Following this lawsuit, a panic arose and a 1 billion-dollar cryptocurrency withdrawal was seen within 24 hours.
Thankful for the support, CEO Johnny Lyu stated that a $10 million airdrop would be distributed in the form of the exchange’s native token, KCS, and Bitcoin. He also mentioned that further details will be announced within the next 3 days.
The CEO expressed gratitude for the trust and support, promising a special airdrop of KCS and Bitcoin to users who experienced longer withdrawal waiting times than expected in the last 2 days. Details will be revealed in 3 days.
