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KuCoin pleads guilty: Exec steps down over $297M fines In a significant enforcement action by U.S. regulators, the cryptocurrency exchange KuCoin entered a guilty plea on January 28 to accusations of running an unauthorized money transferring company. The corporation was fined a hefty $297 million and forced to withdraw from the U.S. market for two years after admitting to not putting in place necessary anti-money laundering (AML) safeguards. The Southern District of New York U.S. Attorney's Offi... cryptocurrency news today

Users of Oyster (PRL) cryptocurrency on October 30 sounded the alarm in social networks, suspecting that the founder of this project, acting under the pseudonym Bruno Block, deceived investors. This is reported by the Blockchain Reporter. In the official telegram channel of the project, the administrators placed the message: “We can confirm someone has taken control of the Smart Contract. Do NOT BUY ANYTHING. We are waiting for more information and also trying out best to close KuCoin’s trading right now!” Someone controlling the smart contract released and immediately sold 300,000 tokens, rescuing about $300,000. It seems that the attacker deliberately began to operate at night when employees of the KuCoin exchange, the largest tradi ... Read more about " Anonymous Founder of Oyster Pearl is suspected in exit scam with $300,000 " on coinatory.com