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Violation Tracker Individual Record

Company: KuCoin
Penalty: $22,066,642
Year: 2023
Date: December 12, 2023
Offense Group: financial offenses
Primary Offense: securities issuance or trading violation
Violation Description: KuCoin, one of the largest cryptocurrency trading platforms, will pay $22 million for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange. The company will pay approximately $17 million for the value of the cryptocurrencies remaining on the platform for relevant accounts, and $5.3 million as disgorgement.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.