KuCoin Announces $10 Million Token Airdrop After DOJ Charges - What You Need to Know
Monday, 1 April 2024, 18:00
KuCoin Details $10 Million Token Airdrop
The recent charges by the US Department of Justice (DOJ) against KuCoin and its founders, Chun Gan and Ke Tang, have triggered a $10 million token airdrop initiative. The airdrop, totaling $10 million in Bitcoin and KCS tokens, is an attempt to compensate users affected by withdrawal delays and reinforce platform integrity.
About the Airdrop
- KuCoin will distribute $8.95 million to users facing withdrawal congestion from March 26 to March 28 (UTC+8).
- Recipients will receive token vouchers exchangeable 1:1 for BTC/KCS within a week, claimable via the KuCoin APP under "My Coupons".
- Existing users holding assets without withdrawing during the period will also receive a separate airdrop.
This move by KuCoin highlights its dedication to its user base and commitment to security compliance in the face of regulatory scrutiny.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.