KuCoin Partners With Major Law Firm To Fight DOJ, CFTC Lawsuits
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KuCoin has announced its new partnership with the A&O Shearman Law firm to fight against lawsuits from DOJ and CFTC. In March, the US CFTC filed a lawsuit against KuCoin, alleging its failure to register with the regulatory bodies. U.S. federal prosecutors also charged KuCoin with violating anti-money laundering laws. KuCoin’s CEO revealed multiple rounds of communication with the agencies and is optimistic about the outcome. KuCoin has reorganized its structure, improved its systems, and invested heavily in security and compliance.
