KuCoin CEO Defends Company's Financial Position After Crypto Firm Reportedly Lays Off 30 Percent of Workforce

KuCoin has reportedly fired 30 percent of its workforce just days after tightening its KYC policy. In damage control, KuCoin CEO Johnny Lyu tweeted a clarification noting that the company’s finances were not an issue and that hiring and firing employees are part of day-to-day corporate functioning.

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