The US DOJ charges crypto exchange KuCoin and two co-founders with violating anti-money laundering laws, failing to register with the US government, and more
a big crypto exchange—charged criminally https://www.justice.gov/... @cftc : .@CFTC Charges KuCoin with Operating Illegal Digital Asset Derivatives Exchange: https://www.cftc.gov/... @tmnxeq : this comes after a nyag settlement from last december kucoin might settle the recent allegations too but does a conpliant kucoin still have a business model? [image] Adam Cochran / @adamscochran : wow they finally went after Kucoin. I'm not surprised, but also kind of a shame, as far as centralized shitcoin exchanges go, it was a decent one for many years. But it was an open secret how much of their volume was US, and they didn't care. [image] @macrocrg : Not great Probs best to withdraw your $ from Kucoin if you hold any on there This doesn't say anything towards their solvency, so this could be a nothing burger like the Kraken lawsuits, but if FTX has taught me anything, it's better to be safe than sorry Wu Blockchain / @wublockchain : WuBlockchain's 2022 research has disclosed this risk. KuCoin's main traffic comes from the United States and it is even the only offshore exchange that has not banned American IP. https://twitter.com/... @bentodar : Move your funds out #kucoin Better be safe than sorry https://www.justice.gov/... @basedkarbon : While you all tryin' to get out of KuCoin, I deposited millions to long Amy Castor / @ahcastor : KuCoin was a money laundromat. Between Aug 2022 and Nov 2022, the exchange recieved $3.2m in crypto from Tornado Cash, a mixer that was officially sanctioned by Treasury in Aug 2022. [image] Jake Chervinsky / @jchervinsky : The DOJ and CFTC cases against KuCoin aren't surprising to anyone who's followed US crypto enforcement in recent years. These follow NYAG's case last March, which KuCoin didn't bother to defend. The simple lesson: if you want access to the US market, you need to follow US law. Jay / @0xjaypeg : probably a good idea to withdraw from kucoin Eleanor Terrett / @eleanorterrett : 🚨NEW: Crypto exchange @kucoincom and two founders criminally charged with Bank Secrecy Act and unlicensed money transmission offenses by the @TheJusticeDept. @tmnxeq : > KuCoin stated in an April 2022 message on Twitter that “KYC is not supported to USA users, however, it is not mandatory on KuCoin to do KYC. recommend no more tweets like this [image] Forums: r/CryptoCurrency : Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges r/Buttcoin : Check your Crypto Collapse Bingo Cards: Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges r/CryptoCurrency : Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenses r/ethtrader : Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenses r/kucoin : Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges
#KuCoin is operating well, and the assets of our users are absolutely safe. 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...
Prominent global cryptocurrency exchange KuCoin and two of its founders criminally charged with Bank Secrecy Act and unlicensed money transmission offenses @HSINewYork https://www.justice.gov/...
this cycle will push users further towards dexes among cex - $coin will be major beneficiary hence always been a no brainer its a proxy crypto index fund
The real thing that scared me is that a very big trading firm invested in kucoin & later pulled out They rewrote the matching engine but did not implement the new one, ofc rumours but I got a pretty good source
Breaking: Cryptocurrency Exchange KuCoin and two of its founders criminally charged with bank secrecy act and unlicensed money fransmission offenses, each of which carries a maximum sentence of five years in prison. GAN, TANG, and KuCoin affirmatively attempted to conceal the...
this comes after a nyag settlement from last december kucoin might settle the recent allegations too but does a conpliant kucoin still have a business model? [image]
wow they finally went after Kucoin. I'm not surprised, but also kind of a shame, as far as centralized shitcoin exchanges go, it was a decent one for many years. But it was an open secret how much of their volume was US, and they didn't care. [image]
Not great Probs best to withdraw your $ from Kucoin if you hold any on there This doesn't say anything towards their solvency, so this could be a nothing burger like the Kraken lawsuits, but if FTX has taught me anything, it's better to be safe than sorry
WuBlockchain's 2022 research has disclosed this risk. KuCoin's main traffic comes from the United States and it is even the only offshore exchange that has not banned American IP. https://twitter.com/...
KuCoin was a money laundromat. Between Aug 2022 and Nov 2022, the exchange recieved $3.2m in crypto from Tornado Cash, a mixer that was officially sanctioned by Treasury in Aug 2022. [image]
The DOJ and CFTC cases against KuCoin aren't surprising to anyone who's followed US crypto enforcement in recent years. These follow NYAG's case last March, which KuCoin didn't bother to defend. The simple lesson: if you want access to the US market, you need to follow US law.
🚨NEW: Crypto exchange @kucoincom and two founders criminally charged with Bank Secrecy Act and unlicensed money transmission offenses by the @TheJusticeDept.
> KuCoin stated in an April 2022 message on Twitter that “KYC is not supported to USA users, however, it is not mandatory on KuCoin to do KYC. recommend no more tweets like this [image]
Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenses
Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenses