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Withdrawals from KuCoin Soar to $1 Billion in Crypto During US Regulatory Crackdown đȘ§
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. đ
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. đ„
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. đ§
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. đ”ïžââïž
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. đž
#BTC #kucoin #regulate #usa
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. đ
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. đ„
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. đ§
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. đ”ïžââïž
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. đž
#BTC #kucoin #regulate #usa
