KuCoin Faces $273M Loss & AML Charges by U.S.
Quick Look: U.S. Department of Justice accuses KuCoin and founders of AML violations, intensifying scrutiny on exchanges. Alleged multibillion-dollar conspiracy results in a $273 million reduction in reserves and a 22% ERC-20 value drop. KuCoin assures uninterrupted operations despite indictments, amidst user withdrawals concerned about asset safety. KuCoin faces charges for lacking licenses, inadequate AML …