IS KUKOIN (KCS) ON BIG TROUBLES? 🚨 Well... Yes! 👇

The U.S. Justice Department is chasing Kukoin (one of the largest cryptocurrency exchanges globally) and its founders because they violated the anti-money laundering (AML) laws. In fact, they didn't follow the right procedures to stop people from using their platform for illegal money activities. In addition, the justice Department said that KuCoin let this happen on purpose while not reporting it to regulators. When an exchange is found guilty it may face penalties or a shutdown. This could affect several users and their funds/assets! 🚩

If I have Cryptocurrencies on Kukoin, WHAT SHOULD I DO?

At the moment there are several violations and I strongly recommend to ACT NOW and move any asset you may have out of that Exchange. To save on transaction fees, you can temporarily convert them into $XLM Once moved, you can convert them back into your initial tokens. This action needs to be executed quickly!

STAY SAFE 🙏

#LatestNews #newsdaily #moneylaundering #StaySafeCrypto #StaySAFU $XLM $KCS