KuCoin will airdrop $10 million worth of BTC and KCS to compensate users for the withdrawal delays in the past two days

ChainCatcher news, KuCoin CEO Johnny Lyu published an open letter on the official blog stating that KuCoin will airdrop $10 million worth of BTC and KCS to compensate users who experienced withdrawal delays in the past two days. The airdrop rules will be announced within three days.

He stated: "On March 26 and 27, some users experienced longer than expected waiting times during the withdrawal process. We take full responsibility for the inconvenience caused. To express our deep gratitude for our users' support and patience, KuCoin will launch a special airdrop event totaling $10 million in KCS and BTC."

Previous report, on March 26, the U.S. CFTC initiated a civil enforcement action against KuCoin.