US Authorities File Charges Against KuCoin
March 26, 2024
The US federal prosecutor’s office has filed charges against the KuCoin crypto broker and its two founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The US Department of Justice alleged in the indictment that KuCoin intentionally circumvented US AML and KYC regulations by falsely claiming that it had no US customers, while in reality, they had a significant US customer base, enabling them to facilitate laundering of over $9 billion.
