The CEO of KuCoin Exchange, Johnny Lyu, made an announcement regarding the distribution of $10 million in BTC and KCS through an airdrop. In light of recent challenges, KuCoin continues to prioritize its users as the "People's Exchange" according to Lyu.

In response to allegations from the U.S. Department of Justice and the Commodity Futures Trading Commission, KuCoin faced significant FUD leading to users withdrawing over $1 billion in cryptocurrencies. This withdrawal resulted in a 20% decrease in assets managed by KuCoin.

In gratitude for the support received, the CEO of KuCoin expressed appreciation towards the users in a blog post on the official website.