By Jonathan Stenper
New York (Reuters) -One of the world’s largest cryptocurrency exchanges, Kukkoin, admitted that he had operated an unauthorized remittance business on Monday, and agreed to forfeit more than $ 297 million. The US Department of Justice said.
Peken Global LTD, which works as Kucoin, has pleased to make a petition in front of Manhattan’s US Judge Andrew Charter.
Applications include $ 1102.9 million criminal fines and $ 184.5 million, calling for Kucoin to withdraw the US market for at least two years.
CHUN GAN, known as two Kucoin founder -Michael. Ketan, known as Eric, agreed to enter the two -year postponed prosecutor’s agreement, confiscated $ 2.7 million and handed over all roles in cucumber management and operation.
Prosecutors stated that the prosecutor was used to promote hundreds of dollars in suspicion of Saychel, promoting hundreds of dollar transactions and sending potential criminal revenue such as the dark net market, malware, ransomware, and fraud. 。
This was suspected that Kucoin did not implement a customer program that knew effective money laundering.
Kucoin also reported suspicious transactions or not registered for the US Treasury’s Financial Criminal Execution Network.
As of March 2024, Kucoin, established in 2017, had more than 30 million registered users in at least 207 countries and regions.
“This resolution means a new chapter of a cucumber that reconfirms the dedication to compliance, security, and innovation,” said BC Won as the highest legal officer last week and was named as the highest executive officer of Kurukoin. 。
“We are focusing on strengthening global compliance practices and finding opportunities to enter the market again with the necessary license,” Won added.
Alexander Wilson, a lawyer of cancer, in a statement, the resolution reflects the fact that his client reflects the lack of intentions violating the US law, money laundering, fraud, and the same crime. He said.
David Meister, a lawyer of Tang, refused to comment.
In December 2023, Kucoin agreed to block New York users, pay $ 22 million, and not register the state lawsuit.
Kucoin is the eighth largest cryptocurrency spot in the world, based on factors such as traffic, fluidity, and transaction volume, according to COINMARKETCAP. Binance and Coinbase are one of the higher rank exchanges.
(Report by Jonathan Stempel in New York, editing by Bill Berkrot)