Price of Bitcoin Exchange KuCoin's KCS Token Tanks Amid Insolvency Rumors

From decrypt.co

The price of KuCoin (KCS), native token of the KuCoin cryptocurrency exchange, has tanked over the past seven days following insolvency rumors. At the time of writing, KuCoin was down 17.34% in the past week, trading for $8.75, according to CoinMarketCap. chart KuCoin is the world’s fifth largest cryptocurrency exchange, with a 24-hour trading volume of $928 million. Its KCS token is the No. 49 digital asset on CMC, with a market cap of $858 million. But earlier this week, rumors started to spread on Crypto Twitter that KuCoin would halt withdrawals because it was about to go bust. KuCoin​​ CEO Johnny Lyu ... (full story)