KuCoin admitted guilt in conducting unregistered money transmission business and agreed to pay nearly $300 million as part of a settlement with the U.S. The founders are leaving the company. 🚫
- Fine: $112.9 million
- Forfeiture: $184.5 million
- Exit from the U.S. market for 2 years
KuCoin is accused of lacking AML and KYC programs. In other countries, operations continue unchanged.