Legal
Nigeria’s $37 million USDT freeze connected to MEXC and KuCoin hot wallets
The Nigerian authorities claimed the funds were involved in money laundering and terrorism financing.
Kucoin
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Exchanges
KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes
Local stakeholders said the move suggest that there was room for further crypto growth in the country.
Regulation
Nigeria denies freezing over 300 P2P accounts on more crypto exchanges amid forex concerns
Nigeria CBN circular warned that traders "buying and selling USDT illegally" would be arrested.
Exchanges
KuCoin’s assets and market share slide amid legal woes and user withdrawals
KuCoin revealed plans for a $9 million airdrop to reward its loyal customers impacted by its recent legal woes.
Exchanges
Ethereum tokens lead KuCoin’s $500 million withdrawal spike post US charges
KuCoin CEO Johnny Lyu reassures the exchange users that the platform continues to operate normally.
Exchanges
Binance confirms Apple India App Store exchange removal amid regulatory concerns
Binance and other impacted exchanges had failed to comply with the adequate regulatory framework in India.
Legal
KuCoin settles NYAG charges for $22M
The Attorney General's lawsuit results in KuCoin withdrawing from New York and paying a hefty settlement.
Regulation
HTX, KuCoin among exchanges on UK’s FCA unauthorized operators list
The regulator stated that all financial firms serving UK customers must be authorized or registered with it.
Exchanges
KuCoin suspends Bitcoin, Litecoin mining amid shifting strategy and layoff rumors
The news comes less than a week after KuCoin denied any alleged layoff plans.
Exchanges
KuCoin dispels layoff rumors, CEO cites ‘normal’ personnel adjustments
KuCoin CEO Johnny Lyu said the firm is focused on being "more dynamic and competitive."
Legal
Paradigm argues against New York’s attorney general classification of Ethereum as securities
Crypto investment firm Paradigm argued that Ethereum tokens cannot be classified as securities because they are "just software."
Exchanges
Crypto exchanges to publish ‘proof-of-reserves’ following FTX’s implosion
Kucoin and OKX reveal they would publish their reserves within the next 30 days.