KuCoin CEO Johnny Lyu announced a generous $10 million airdrop of Bitcoin and KuCoin (KCS) tokens to express gratitude towards its community amidst legal scrutiny from the U.S. Justice Department. This move follows accusations against the exchange for regulatory violations, yet KuCoin assures users of the safety of their funds. The airdrop, set against a backdrop of a 12% fall in KCS value and ongoing legal battles, also highlights the regulatory complexities surrounding such crypto giveaways. Detailed rules for the airdrop will be shared soon, as KuCoin navigates through these tumultuous times with a focus on user appreciation and engagement.
