The U.S. Department of Justice charged KuCoin and its founders with violating the Bank Secrecy Act, lacking a compliant anti-money laundering program. This allowed over $9 billion in suspicious transactions, impacting its crypto ecosystem and plunging KuCoin Shares (KCS) by over 12%. The founders remain at large, and the exchange faces scrutiny for failing to register as required by U.S. laws.
