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KuCoin Halts Support for 10 Projects, Delisting Trading Pairs Due to Violations

On November 23rd, KuCoin exchange made a significant announcement, revealing the suspension of support for 10 projects and the subsequent delisting of related trading pairs due to violations of regulations outlined within the Special Treatment Rules. This move has sparked a flurry of reactions and concerns within the cryptocurrency community.

The affected projects include Kambria (KAT), Sakura (SKU), Don-key (KDON), LOCGame (LOCG), Sienna (WSIENNA), Inflation Hedging Coin (IHC), Position Exchange (POSI), TE-FOOD (TONE), Pika Protocol (PIKA), and Karura (KAR). KuCoin declared the removal of trading pairs associated with these projects:

  1. KAT/USDT, KAT/BTC
  2. SKU/USDT, SKU/BTC
  3. KDON/USDT
  4. LOCG/USDT
  5. WSIENNA/USDT
  6. IHC/USDT
  7. POSI/USDT
  8. TONE/USDT, TONE/BTC, TONE/ETH
  9. PIKA/USDT
  10. KAR/USDT

The delisting process is set to occur in stages:

  1. KuCoin’s Trading Bots, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Martingale, and Futures Grid, will cease operations at 06:45:00 on November 24, 2023 (UTC).
  2. The specified trading pairs will be officially delisted at 07:00:00 on November 24, 2023 (UTC). To safeguard user funds, KuCoin strongly advises canceling any pending orders associated with these projects promptly.
  3. The deposit service for the aforementioned projects will be closed.
  4. Withdrawal services for the affected projects will cease on May 28, 2024 (UTC) at 10:00:00.

This decision by KuCoin has raised questions about the nature of the violations and the potential repercussions for both the exchange and the projects involved. Investors and enthusiasts are expressing concerns about the impact on their investments and the reasons behind the sudden delisting.

KuCoin has yet to provide detailed information regarding the violations committed by these projects, leaving many stakeholders seeking clarity on the situation. The exchange’s move aims to ensure compliance with regulations and maintain the integrity and security of its platform.

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