Posted 3/26/2024, 3:11:00 PM
KuCoin Exchange and Founders Charged With Violating AML Laws, Operating Unregistered in U.S.
- U.S. federal prosecutors charged crypto exchange KuCoin and two founders with violating anti-money laundering laws
- KuCoin operated in the U.S. without registering or having AML procedures until 2023
- KuCoin received over $3.2 million in crypto from sanctioned mixer Tornado Cash
- Commodity Futures Trading Commission sued KuCoin for not registering as futures merchant
- KuCoin's native token KCS dropped 5% following the announcement