Market question: KuCoin Insolvent before May?
Category: Crypto
Tags: exchanges, bankruptcy, insolvency, Crypto, Tech, finance, All

This market will resolve to "Yes" if official information released by KuCoin, official representatives of KuCoin (e.g. lawyers, spokespeople, etc.), or a consensus of credible reporting announces by April 30, 2024, 11:59 PM ET that KuCoin is insolvent or is filing/has filed for any variety of bankruptcy.

This market will also resolve to "Yes" if KuCoin withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by April 30, 2024, 11:59 PM ET. The primary resolution source for this settlement criterion will be official information released by KuCoin, official representatives of KuCoin (e.g. lawyers, spokespeople, etc.), and a consensus of credible reporting.

If neither of the above criteria are met, this market will resolve to "No".

KuCoin withdrawals being suspended for a majority of users means that a majority of users are unable to withdraw their BTC and/or ETH from KuCoin (E.g. If a majority of users are unable to withdraw their ETH from KuCoin, it will satisfy the condition.)

If KuCoin suspends withdrawals on a day in the last week of April (e.g. They halt token withdrawals on April 29, 2024, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days (168 hours) pass, resulting in a "No" resolution; 2) 7 full days pass (April 29, 2024 - May 6, 2024, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.

Outcome: No