KuCoin Announces $10M Airdrop to Users After DOJ Charges, Aims to Restore Confidence Following Withdrawal Delays

• KuCoin announced a $10 million token airdrop following DOJ charges for AML violations • Airdrop aims to compensate users affected by withdrawal delays and restore confidence • Withdrawal congestion led to over $1 billion in withdrawals from the platform • CEO Johnny Lyu apologized for delays and expressed gratitude for user support • Incident highlights regulatory scrutiny of crypto exchanges and importance of compliance