Johnny Lyu, KuCoin’s chief executive officer, vouches for the openness of the exchange, divulges KuCoin holdings, as well as rejects FTX, FTT direct exposure
KuCoin Chief Executive Officer, Johnny Lyu, has actually described in a variety of tweets today that Kucoin has actually been clear with its customers because the first day of developing the crossbreed centralized/decentralized cryptocurrency exchange.
From day 1 of building KuCoin, we have been transparent to our users. The overview of some of KuCoin’s hot and cold wallet addresses are clickable for their current holdings. https://t.co/zpjdlwoSpx https://t.co/vEuNY6LhW9
— Johnny_KuCoin (@lyu_johnny) November 11, 2022
Lyu’s string of tweets followed his earlier rejection of “direct exposure on FTX or FTT” as hypothesized by Cobie, the host of the crypto podcast UpOnly.
No, it’s false.KuCoin has no exposure on FTX or FTT. https://t.co/tF3uTJbUGE
— Johnny_KuCoin (@lyu_johnny) November 11, 2022
Disclosure of Kucoin Major Holdings
Lyu revealed Kucoin’s cold and hot budget addresses as well as holdings within among the tweets. The complete holdings consisted of:
- BTC (20,504 BTC)
- ETH (180,299 ETH)
- USDT (1,075,909,241 USDT)
- USDC (365,722,839 USDC)
- KCS (69,601,075 KCS)
The holdings picture was handled Nov. 11 at 7:00 UTC as well as does not stand for every one of Kucoin’s holdings. Just significant symbols on BTC, ETH, TRX, KCC, ALGO, ABR, OPT, as well as EOS are consisted of. The complete December audit record “will certainly provide also better information.”
Lyu proceeds, explaining Kucoin as the “No. 1 Altcoin exchange” that likewise supplies “over 700+ tradable cryptocurrencies.” He describes that the budget information (provided over) are the 5 significant coins revealed today which the disclosure notes KuCoin’s initial step in developing public count on.
In addition, Lyu describes that an overall of 29,696 ETH is presently being bet as the Ethereum Proof-of-Stake (PoS) node, which “each node has 32 ETH on the address.”
It’s false @cobie
I spoke about the extent of our exposure to FTX 2 days ago:https://t.co/aJtWZBUryU
— Kris | Crypto.com (@kris) November 11, 2022
At the time of composing, KuCoin Symbol (KCS) cost is $7.83, as well as is down 6.56% over the last 24 hr.
