KuCoin and Its Founders Face Criminal Charges Over Money-Laundering Violations – WSJ

U.S. prosecutors have filed criminal charges against KuCoin and two of its founders, accusing the global cryptocurrency exchange of violating U.S. anti-money-laundering laws.

The indictment, unsealed Tuesday by prosecutors in Manhattan, charged KuCoin with violating the Bank Secrecy Act and operating an unlicensed money transmitting business, along with related conspiracy charges. Prosecutors also charged two of KuCoin’s founders, Chun Gan and Ke Tang, with related conspiracy charges.

Source: KuCoin and Its Founders Face Criminal Charges Over Money-Laundering Violations – WSJ