BREAKING: A user was liquidated on KuCoin and lost nearly 300,000, despite having the full margin to back the position. KuCoin’s response was to issue 50,000 in unusable trial funds and a 100,000 deduction coupon for future trading fees. They even refused to refund the liquidation fees. This incident highlights why centralized exchanges cannot be trusted. They deflect blame onto “market depth” and offer meaningless credits after erasing real deposits.(Jacob King)