Binance Set for Indian Comeback with $2 Million Penalty
Binance, once banned by the Indian government, is set to make a comeback after agreeing to pay a hefty penalty of approximately $2 million. According to a report by ET,…
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CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S.…
Kucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $1.7 Billion…
US Prosecutors Charge KuCoin for AML Violations: Outflows Skyrocket and KCS Plummets 13%
Major crypto exchange KuCoin, along with two of its founders, was alleged to have failed to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to prosecutors, the absence of…
Nansen Reports $200 Million Exodus From Kucoin After DOJ Action
Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of $99 million…
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm…
KuCoin to Exit New York and Pay $22 Million in Settlement Deal: Report
Major crypto exchange KuCoin has reportedly settled with New York authorities to stop offering its services in the local market, along with a payment of $22 million. The settlement deal…
KuCoin pledges $20K grant to TON Foundation for ecosystem development
The funding will support TON ecosystem projects, research and development efforts, community-building and marketing activities.
Huobi, KuCoin Among Crypto Firms on UK Watchdog’s Radar
In a bold move aimed at safeguarding consumers, the FCA added 145 digital asset companies, including major exchanges Huobi-owned HTX and KuCoin, to its warning list. This decision follows the…
Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator
The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August.