KuCoin Disables Bitcoin Private Withdrawals

KuCoin exchange temporarily disabled Bitcoin Private withdrawals due to some technical issues with BTCP wallets
11 April 2018   410

Half an hour ago KuCoin cryptocurrency exchange has issued the Bitcoin Private Withdrawals Report stating that the exchange faced some technical issues with Bitcoin Private wallets after reopening the withdrawal system today. Given these unforeseen problems, KuCoin informed the users that they won’t be able to withdraw their funds at this time.

KuCoin BTCP Withdrawals UpdateKuCoin BTCP Withdrawals Update

The technicians at KuCoin are now looking at the wallet problems, and should resolve the issue as soon as possible. The exchange reported that it should make sure that the wallet system is working correctly before allowing users to complete the transactions.

KuCoin crypto exchange apologized for inconveniences caused, and promised to release a new update as soon as it can guarantee that all users can withdraw their funds without encountering technical issues.

KuCoin is removing SAY token

KuCoin is removing SAY token to enact the SpherePay pledge fund solution on April 26
19 April 2018   83

As for SAY token, following the news that a portion of its total supply was stolen, KuCoin teamed up to propose either an airdrop of a new token coins to the users who purchased SAY token, or buy back the net buying volume purchased by the users. As SpherePay is releasing a new token, the old one will be delisted from the exchange.

The distribution of airdrop ETH to cover SAY net buying volume will start separately. The delisting process will go as follows:

  • SAY/BTC and SAY/ETH trading pairs will be closed on 18:00 (UTC+8) 2018/04/12. For better management of your funds, we recommend you to cancel your pending orders of SAY as soon as possible.
  • Withdrawals of SAY tokens from KuCoin will continue to be supported until 18:00 (UTC+8) on 2018/04/26.
  • If you are currently holding SAY please make your withdrawal on or before the closing date above.

At the moment of publication, only average price of SpherePay is publicly available

Average price: $0.002235