$1B in Outflows |
KuCoin saw about $1 billion in crypto withdrawals over the past 24 hours after news that U.S. authorities are investigating the exchange for violating money laundering rules, data from Nansen and Arkham Intelligence shows. This brings KuCoin’s assets under management doen about 20%, to $4.8 billion from $6 billion. A Homeland Security Investigations Special Agent called the exchange "an alleged multibillion-dollar criminal conspiracy." The exchange "is operating well, and the assets of our users are absolutely safe,” a spokesperson said. |
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