News Explorer — KuCoin and Its Founders Charged With Enabling Money Laundering and Terrorism
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KuCoin and Its Founders Charged With Enabling Money Laundering and Terrorism
The United States Department of Justice has charged cryptocurrency exchange KuCoin and two of its founders with conspiring to violate the Bank Secrecy Act by failing to implement an anti-money laundering program. The charges allege that KuCoin enabled money laundering and terrorist activity on its platform, with over $5 billion received and over $4 billion sent in suspicious and criminal funds. The founders, Chun Gan and Ke Tang, along with three other entities, have been charged in connection with the alleged criminal conspiracy.
The United States Department of Justice has charged cryptocurrency exchange KuCoin and two of its founders with conspiring to violate the Bank Secrecy Act by failing to implement an anti-money laundering program. The charges allege that KuCoin enabled money laundering and terrorist activity on its platform, with over $5 billion received and over $4 billion sent in suspicious and criminal funds. The founders, Chun Gan and Ke Tang, along with three other entities, have been charged in connection with the alleged criminal conspiracy.
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