🧵1/ KuCoin Spotlight Event – A Thread on User Losses & Transparency Issues ⚠️
I recently participated in a KuCoin Spotlight event, and here’s how things unfolded — spoiler: it didn’t go well. 👇
#KuCoin #Crypto #Spotlight #BOMB #ScamAlert
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2/ I invested 1,000 USDT to purchase BOMB tokens.
But due to over-subscription, my actual investment was only 38.9 USDT. I received 4,862.5 BOMB tokens.
All good so far. I understood the allocation logic. But here’s the catch…
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3/ The token sale price was $0.008 USDT per BOMB.
So at launch, 1 BOMB = $0.008
Expected value = BOMB price should hold or rise (as with many Spotlight tokens before).
But it didn’t. In fact, it plummeted.
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4/ Just hours later, the BOMB price on MEXC (and other platforms) dropped to less than half the launch price.
🔥 From $0.008 ➡️ ~$0.0035
📉 That’s a -50%+ loss instantly for every retail investor.
Why was this not prevented or managed?
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5/ KuCoin, where’s the accountability?
• No vesting for team/private investors?
• No liquidity control or price support?
• No communication post-launch?
• Retail users were left holding the bag.
This isn’t a fair launch — it’s a trap.
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6/ KuCoin, your Spotlight platform is losing credibility.
If this continues:
❌ Retail trust = gone
❌ Investors = burned
❌ Spotlight = no longer special
We need transparency. We need protection. We need answers.
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7/ Dear
@kucoincom — please address this publicly.
• Who dumped?
• Where’s the transparency report?
• What’s being done to protect users in future Spotlights?
We’re not just numbers. We’re your users. Your community.
#CryptoJustice #KuCoinSpotlight #BOMBToken
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8/ Retweet & tag KuCoin if you’ve faced losses in this Spotlight or previous ones.
Let’s make sure this doesn’t happen again. ✊
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