KuCoin's Downward Spiral: Criminal Charges Trigger Investor Exodus

KuCoin's Downward Spiral: Criminal Charges Trigger Investor Exodus
KuCoin's Downward Spiral: Criminal Charges Trigger Investor Exodus

KuCoin's Downward Spiral: Investors Flee Amidst Criminal Charges

KuCoin, a once-promising crypto exchange, has witnessed a mass exodus of investors following back-to-back lawsuits filed by US government agencies. According to blockchain data from Kaiko Research, the exchange's trading volume and market share have plummeted since March 26th.

The US Department of Justice (DOJ) has accused KuCoin of anti-money laundering violations, while the Commodities and Futures Trading Commission (CFTC) has sued the firm for failing to register its Ethereum margin trading service. These allegations have cast a dark cloud over the exchange, leading many investors to withdraw their assets.

KuCoin's woes have coincided with similar legal challenges faced by other major crypto exchanges. Binance, for instance, was fined billions of dollars for KYC and AML compliance issues, while Coinbase has been charged by the SEC for allegedly listing unregiste

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