Hello fellow crypto enthusiasts,

I'm a regular crypto enthusiast with a modest value locked of $60. While it might not be a huge amount, I'm posting this as a warning, especially for those with higher balances on Kucoin.

In my recent research, I've uncovered a concerning pattern of Kucoin suspending accounts and experiencing significant delays in responses, leading to the locking of funds. This issue is visible across various platforms, including their Reddit, Discord, and other social media channels.

Take a moment to check their community channels, and you'll witness the meltdown that's currently happening: Kucoin Subreddit, Continuous Withdrawal Problems on r/CryptoCurrency, and this insightful article Kucoin's Continuous Withdrawal Problems.

I want to highlight that I'm based in the EU, KYC verified for over two years, and never had any issues with Kucoin before. Witnessing this meltdown is extremely worrisome.

I hope this post will enlighten others on the issue. Kucoin is not the same website I signed up for all those years ago; something has happened, and their behavior is really shady.

For your own sake and the safety of your funds, if you have crypto on Kucoin, I strongly recommend moving it ASAP. The current state of the exchange is far from normal behavior.

Stay safe out there, and let's protect our crypto assets!