None of the complaints questioned the integrity of KuCoin in managing users' assets.
filed by the U.S. Southern District of New York prosecutors and the Commodity Futures Trading Commission on March 26.."We are aware of the related reports and are currently investigating the details through our lawyers. KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards." Just hours later, the exchangeAt the same time, KuCoin's native token, KCS, has lost 12% of its value over the past 24 hours and is currently trading at $12.
announced criminal charges against KuCoin co-founders Chun Gan and Ke Tang, both Chinese nationals. The two are accused of conspiring to operate an unlicensed money-transmitting business and"conspiring to violate the Bank Secrecy Act by willfully failing to maintain an adequate anti-money laundering program."by prosecutors, despite having substantial operations in the U.S., KuCoin did not register with the CFTC or the Financial Crimes Enforcement Network as a proper money transmitter.
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