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.

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