Exchange KuCoin denies that demanded from small projects for 180 thousand dollars, threatening to delisting.

The KuCoin cryptobirth guide refutes information about the threats of delisting of small projects and the demand for payment in the amount of 180 thousand dollars. Recently, rumors that the Singapore site is engaged in “washing trade” are actively spreading. Several projects reported that they received blackmailing letters, where they were demanded to pay a large amount, allegedly “for increasing the volume”.

KuCoin's senior marketing manager commented on these rumors as follows:

"We conducted an internal investigation and found out that none of the employees of our exchange received 180 thousand dollars as a reward for increasing the volume and retaining the listing of the trading platform."

According to the representative of KuCoin, the letters that became the basis of the charges were sent by the ex-employee KuCoin. Working on the stock exchange, he was responsible for listing, marketing ICO and liquidity ratios.