The crypto exchange is sweetening the deal for loyal customers as it faces new legal challenges.
Cryptocurrency exchange KuCoin will hold an airdrop of Bitcoin (BTC) and its native KuCoin (KCS) token worth $10 million, according to a letter from CEO Johnny Lyu posted on the exchange’s blog on March 27. The news comes a day after the United States Justice Department announced charges against the exchange and two of its founders.
Lyu did not mention the federal charges, although he alluded to them in the first sentence of his letter:
Comparing the airdrop to the exchange’s reimbursement of its investors who lost money in the Confido rug pull, Lyu continued:
