Seychelles-based crypto exchange KuCoin recently disclosed that it had to undelegate its 48B LUNC stake because of a switch of the pledge node of its internal financial account, assuring users that it will re-delegate the tokens. The disclosure comes a few days after the exchange suddenly undelegated all 48B LUNC tokens, triggering various concerns among investors, including worries of insolvency.

(By Ammara)