KuCoin, one of the world's largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture,

As part of the settlement, KuCoin has agreed to exit from the U.S. market for the next two years. The company said its U.S. users can still withdraw their funds but are banned fro

KuCoin was used to launder billions in proceeds from darknet markets, malware, ransomware and fraud schemes, U.S. Attorney Danielle R. Sassoon said in a statement.

KuCoin, a prominent cryptocurrency exchange with over $38 million global users, has agreed to pay a hefty fine.

The crypto exchange KuCoin will pay a $297 million penalty to the US government stemming from compliance violations.

KuCoin settled charges with the DOJ for operating an unlicensed money-transmitting business. The exchange agreed to pay $300 million in fines and forfeitures. KuCoin’s founders

KuCoin has agreed to pay $297 million in penalties, exit the U.S. market for two years, and replace its founders after pleading guilty to

Crypto exchange KuCoin has pleaded guilty to criminal charges and agreed to a fine of almost $300 million.

Crypto exchange KuCoin pleaded guilty to operating an unlicensed money-transmitting business and will pay a $300 million fine in a settlement with the US.

Crypto exchange KuCoin has reached a settlement with the US Department of Justice to exit the US market for a minimum of two years.

One of the world’s biggest cryptocurrency exchanges, KuCoin, has pleaded guilty to violating US regulations by operating an unlicensed money transfer business.