In today's cryptocurrency news, KuCoin, a leading exchange, has pleaded guilty to operating an unlicensed money-transmitting business in the U.S. and agreed to pay nearly $300 million in fines and forfeitures. As part of the settlement, KuCoin will exit the U.S. market for at least two years, and its co-founders will step down from mangement roles.
Link in next thread.
https://www.reuters.com/technology/kucoin-pleads-guilty-agrees-pay-nearly-300-million-us-crypto-case-2025-01-27/?utm_source=chatgpt.com
I think they want to come clean to avoid future problem in the U.S.
probably so
Oh wow. So they pay 300 million and they have to exit the market? That is a bad deal for them...
Very much so..