Yes, many are panicking after this news incident, more FUD news about immediately withdrawing funds from Kucoin before it's too late but I still believe Kucoin will continue to operate safely.
If it is better to withdraw immediately and keep it in a personal wallet it will be safer than on the exchange.
Come on man, I'm not trying to be biased here but don't you remember what happened to FTX?
"Funds are SAFU" and then they went under. Actually they could've maintained that aura right up until their insolvency if their idiot founder did not start rambling about it on Twitter.
FTX case is worse, Kucoin next? I don't think it's happening anytime soon, but luckily I don't have a balance there.
It's funny that for this accusation case the CEO of Kucoin held an airdrop of $10,000,000 to the community in the form of KCS and BTC this will be given to those who withdraw for a long time at that time, hmm like they are fishing or inviting the community to come back?
[1] https://www.kucoin.com/blog/letter-from-kucoin-ceo-10-million-airdrop-in-kcs-btc-in-thanks-to-community-support
[2] https://twitter.com/kucoincom/status/1773039000846237944