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MAJOR BREAKING 🚨
Crypto Exchange KuCoin Charged With ‘Multi-Billion Dollar Criminal Conspiracy
US Government indicts crypto exchange @kucoincom and two of its founders on criminal charges, citing a “multibillion-dollar criminal conspiracy.”
U.S. Attorney Damian Williams said: “As today’s Indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin’s platform. Indeed, KuCoin allegedly took advantage of its sizeable U.S
They cusase to become one of the world’s largest cryptocurrency derivatives and spot exchanges , with billions of dollars of daily trades and trillions of dollars of annual trade volume.
KuCoin that take advantage of the unique opportunities available in the United States must also comply with U.S. law to help identify and drive out crime and corrupt financing schemes.
‘KuCoin allegedly deliberately chose not to do so”
in failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering, with KuCoin receiving over $5 billion and sending over $4 billion of suspicious
and criminal funds. Crypto exchanges like KuCoin can not have it both ways. Today’s Indictment should send a clear message to other crypto exchanges:
KEY POINTS 👇
if you plan to serve U.S. customers, you must follow U.S. law, plain and simple.”
Source 👇
https://www.justice.gov/usao-sdny/pr/prominent-global-cryptocurrency-exchange-kucoin-and-two-its-founders-criminally
