What an absolute shocker. Once again, these degenerates could have been multi billionaires by just sitting on their hands, holding their digital assets appropriately and doing NOTHING. Yet, they choose to chase that elusive yield that has caught so many falling down the slippery slope to betraying retail investors and regulatory consequences.
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Otteroooo does not seem like a credible source to me.
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I hope all the crypto companies go out of business. Then BTC will drop in value even more as people sell whatever they have to cover their losses.
Then I can buy some more.
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Lately I been thinking what if Coinbase was an only Bitcoin company imagine the difference would be in adoption. Focus on products and services to make the Bitcoin economy more user friendly. But instead exchanges turn into shitcoin casinos that are just GREEDY AF at the cost of ordinary people
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And ... it's gone! (not KuCoin ... yet, .. but the otteroooo Twitter account).
@otteroooo account removed from Twitter after posting about Kucoin insolvency #49305
Fortunately, someone archived the Tweet: https://archive.ph/89xG4
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The link for this post is a Twitter thread reader website that shows the full Twitter thread.
The Tweet that kicked off the Twitter thread is:
KUCOIN INSIDER CONFIRMS KUCOIN IS INSOLVENT
EX-EMPLOYEE WHISTLEBLOWS THAT ESTIMATED HOLE UP TO $500,000,000
KUCOIN MAY NOT HAVE THE COINS TO MEET DEPOSITORS' REDEMPTIONS (92% certain)
Retweet & like this tweet, and read on
👇🏼 🧵 🦦
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KuCoin responds:
Particularly, the recent FUDs created by Twitter guy nicknamed “otteroooo” is getting ridiculous, and each time otteroooo reached out to us, we try our best to answer his questions. Still, even if we explained everything, he is still ignoring facts and continue playing spreading his FUDs intentionally. While other users publicly admit their assumptions were wrong, otteroooo doesn't mind making mistakes over and over, which makes us believe he is either bad in fact-checking and analyzing, or he has some interest in spreading the FUD.
Be Aware of FUD: New Rumors Spread by Twitter Guy “Otteroooo” (Sharing full conversation between me and him) https://www.kucoin.com/blog/be-aware-of-fud
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And otteroooo's response to KuCoin's response:
see kucoin response
otter confirm that the twitter conversation is real
the telegram conversation is not with otter, probably some scammer
otter is twitter messaging @lyu_johnny, not on telegram
just release an audit of assets
any other "defense" is bullshit
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