Announcement regarding the distribution of assets from BTC forks.

Announcement regarding the distribution of assets from BTC forks.

12/12/2017, 03:52:12

KuCoin Exchange is dedicated to the safekeeping of our user’s digital assets. In view of the upcoming frequent BTC forks, we are now presenting to all users the following explanation regarding the situation:
KuCoin in principle does not support certain BTC forks that we believe do not possess any significant advancement in technology. We believe that some of these forks are an attempt at speculation and manipulation through increase in supply in disguise. However, in order to uphold our belief of safeguarding our user’s assets and entitlement, following this announcement, based on the official statements of the organizations in charge of the fork, any digital assets created from the fork will automatically be deposited into the user’s balance. Once the organization in charge of the fork provides a valid backend to the main chain, wallet client and blockchain browser, users will be able to withdraw their related fork assets from KuCoin. Regarding any forks with malicious intent to manipulate or speculate, KuCoin reserves the right to refuse to participate and distribute assets.