Just in, a KuCoin whistleblower and Ex-Employee confirmed that KuCoin is indeed insolvent and does not have the money to pay back clients while they send it out. The insider further said that KuCoin has a $500M dollar hole in their balance sheet that is still not filled.
Even if this may seem uncertain as it's "just" an Ex-Employee but right now times are too uncertain and dangerous to take this lightly, the best would be to immediately move most of your holdings out of the exchange if you have any major holdings on there. You can't trust any exchange right now. Eventhough KuCoin CEO repeatedly said its all just lies, you can see that every other CEO of a now bankrupt company said that at first too.
I'm too on KuCoin mostly and I'm going to move out just a few assets now to be on the safe side, it's always the right choice to not trust an exchange.
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