KuCoin

KuCoin announces $10M airdrop to users amidst facing serious legal charges

March 31, 2024 1 min read

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues related to suspected illicit activities and money laundering. The U.S. Department of Justice accused the exchange and its owners, Chun Gan and Ke Tang, of engaging in an unlicensed money transfer company and breaching laws related to preventing money laundering. The Commodity Futures Trading Commission (CFTC) has accused KuCoin of engaging in unlawful commodity

KuCoin and its founders face U.S. charges for illicit operations and evading anti-money laws

March 27, 2024 1 min read

Damian Williams, the top prosecutor of the U.S. Southern District of New York, and Darren McCormack, the temporary head of HSI New York, have revealed charges against KuCoin and its founders, Chun Gan and Ke Tang. The accusations pertain to illicit money transfer and violation of the Bank Secrecy Act, namely the absence of a comprehensive program to deter money laundering and terrorist funding, inadequate verification of client identities, and

Apple App Store in India has blocked Binance, KuCoin, Bitget, Huobi, OKX, Gate.io and MEXC crypto exchange apps

January 10, 2024 2 mins read

Apple’s App Store in India recently restricted access to crypto exchange apps such as Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC. This decision comes just weeks after the Indian government issued a noncompliance notice to nearly a dozen offshore cryptocurrency exchanges. The Financial Intelligence Unit (FIU) of the Indian Ministry of Finance issued a notice to several exchanges, including Binance, Huobi, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex, and

KuCoin Resolves Lawsuit with $22 Million Settlement: Ceases Operations in New York

January 3, 2024 2 mins read

KuCoin crypto exchange has reached a $22 million settlement to resolve a lawsuit filed by the state of New York against it. The settlement also includes KuCoin ceasing its trading activities in New York, indicating a significant agreement to address legal concerns. According to the terms of the agreement, KuCoin will refund a total of $16.7 million to approximately 177,800 New York investors. In addition, the cryptocurrency exchange will pay

India to ban 9 cryptocurrency exchanges URLs

December 29, 2023 1 min read

Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex are among nine prominent crypto exchanges that have received a warning from Indian regulatory authorities. The Financial Intelligence Unit India (FIU IND) has expressed concern about the failure of these exchanges to comply with registration regulations and regional legal requirements. The FIU IND, which is in charge of monitoring virtual digital asset activities, has issued compliance Show Cause Notices to

KuCoin Settles $22 Million Lawsuit with NYAG, Exits New York Operations

December 13, 2023 2 mins read

KuCoin has reached an agreement with the New York Attorney General (NYAG) to halt all operations in the state. The agreement stems from a lawsuit filed by KuCoin alleging illegal and unregistered sales of securities and commodities. KuCoin is required to pay over $22 million as part of the agreement, with over $16.7 million earmarked for refunds to New York-based users and an additional $5.3 million to the NYAG. The

KuCoin crypto exchange review

January 10, 2023 2 mins read

KuCoin is a cryptocurrency exchange that was founded in 2017 and is based in Hong Kong. It has gained a reputation for having a large number of altcoins available for trade, which makes it a popular choice for cryptocurrency traders who are looking to buy and sell lesser-known coins. One of the main advantages of KuCoin is its user-friendly interface, which is suitable for both beginners and advanced traders. It