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Civil Plaintiff

KuCoin Agrees to Settle a New York State Lawsuit for $22 Million

In a significant move, KuCoin has agreed to a $22 million settlement with the New York Attorney General’s Office. The decision comes after the New York Supreme Court’s recent filing, marking a crucial development in crypto exchange regulation.

KuCoin will disburse $16.77 million in refunds to its New York customers and pay an additional $5.3 million to the Attorney General’s office.

This settlement resolves allegations that KuCoin violated securities laws by offering tokens, including Ether, considered securities without proper registration.

Read more at The Crypto Times

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