KuCoin to Pay Nearly $300M Fine After Pleading Guilty to DOJ Charges

KuCoin has pleaded guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of over $297 million, the United States Attorney's Office for the Southern District of New York said in a release on Monday. KuCoin has pled guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of over $297 million, the United States Attorney's Office for the Southern District of New York said in a release on Monday. As part of the guilty plea, KuCoin has agreed to exit the U.S. market for at least two years and Chun "Michael" Gan and Ke "Eric" Tang, will also depart from the company.

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