KuCoin Investigation and Market Effects

KuCoin crypto exchange and its founders faced allegations following an investigation initiated in the US. The exchange’s native token KCS experienced value loss due to regulatory pressures on the market. KCS Price Fluctuations The value of KCS showed a decrease of over 18% in recent weeks. There was also a significant decline in trading volumes. However, KCS’s 30-day performance still shows a positive trend with a gain of 5.94%. Allegations Against KuCoin by the US Department of Justice The allegations against KuCoin and its founders by the US Department of Justice include unlicensed money transfers and violation of the Bank Secrecy Act. KuCoin is accused of inadequacy in customer identity verification and anti-money laundering measures. In the midst of this situation, KuCoin held a $10 million airdrop for users, and CEO Johnny Liu thanked the community for their support. The airdrop was reported to be conducted in BTC and KCS. […]

KuCoin Investigation and Market Effects

KuCoin crypto exchange and its founders faced allegations following an investigation initiated in the US. The exchange’s native token KCS experienced value loss due to regulatory pressures on the market.

KCS Price Fluctuations

The value of KCS showed a decrease of over 18% in recent weeks. There was also a significant decline in trading volumes. However, KCS’s 30-day performance still shows a positive trend with a gain of 5.94%.

Allegations Against KuCoin by the US Department of Justice

The allegations against KuCoin and its founders by the US Department of Justice include unlicensed money transfers and violation of the Bank Secrecy Act. KuCoin is accused of inadequacy in customer identity verification and anti-money laundering measures.

In the midst of this situation, KuCoin held a $10 million airdrop for users, and CEO Johnny Liu thanked the community for their support. The airdrop was reported to be conducted in BTC and KCS.

On the other hand, the price movements of Bitcoin also caught the attention of investors. Bitcoin is trading at $70,342 with a 0.65% decrease, and staying above $70,000 is considered a positive development by the market.

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how to buy crypto?
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