Due to withdrawal congestion that occurred between March 26 and March 28, KuCoin announced that it would launch an airdrop program totaling more than $10 million to apologize to affected users. Affected users will receive an airdrop of BTC/KCS equivalent to US$5 to US$200 based on the withdrawal congestion time, and the distribution is expected to be completed within a week.
The airdrop will be issued in the form of tokens that users can exchange for BTC/KCS tokens at a 1:1 ratio within 7 days. For existing users who hold a large amount of assets in their accounts between 22:00 on March 26 and 00:00 on March 28 (UTC+8) but have not withdrawn their funds, KuCoin will launch a larger airdrop plan for them. Specific details will be announced next week.