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KuCoin pays $22 million settlement and exits New York market to resolve its crypto lawsuit

KuCoin pays $22 million settlement and exits New York market to resolve its crypto lawsuit

CointimeCointime2023/12/12 14:15
By:Cointime

On December 12th, according to market news, the cryptocurrency exchange platform KuCoin paid $22 million in settlement and withdrew from the New York market to resolve the cryptocurrency lawsuit.
On March 10th, New York Attorney General Letitia James filed a lawsuit against the cryptocurrency exchange platform KuCoin, accusing it of operating without a license in the state, violating securities laws by providing unregistered securities and commodities. In addition, ETH, Luna, and TerraUSD were also listed as unregistered securities in the lawsuit.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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