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Nairaland Forum / Nairaland / General / Business / Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders (13104 Views)
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Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by FreeStuffsNG: 10:37pm On Mar 26 |
Money laundering: US slams criminal charges on crypto exchange, KuCoin, 2 founders The United States Government on Tuesday indicted cryptocurrency exchange KuCoin and its two founders, Chun Gan and Ke Tang on criminal charges. https://dailypost.ng/2024/03/26/money-laundering-us-slams-criminal-charges-on-crypto-exchange-kucoin-2-founders/ 32 Likes 2 Shares
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Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by FreeStuffsNG: 10:38pm On Mar 26 |
The document also alleged that KuCoin “took advantage of the sizeable US customer base to become one of the world’s largest exchanges, describing the development as a “criminal conspiracy”. This is the best time for the Federal Government of Nigeria to extend same measures it adopted against Binance to other crypto exchanges still operating in Nigeria. That will make it not to be seen as selective justice. This platforms are modern day daylight heist! There's a reason the US is going after each of them now and may soon enough collect all the money from these guys before these criminals flee and/or declare bankruptcy! FG must quickly and immediately sue all the crypto exchanges for Tax evasion! May God bless Nigeria for ever! Check my signature for free stuffs! 81 Likes 3 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by jkpbestseries: 10:44pm On Mar 26 |
Nigeria should do same 13 Likes 3 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Richtaiwo: 11:09pm On Mar 26 |
Exact copy of what Nigeria did to the Binance CEO who escaped from captivity. Same cursed knuckle heads screaming "injustice" in favour of the criminal CEO will now turn around praising US government. Those animals are truly the most cursed creation I have ever seen. Most certainly, that fraudster in black they want to make us support will never smell that seat. 78 Likes 6 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Roboto11: 11:10pm On Mar 26 |
Nigerian citizens would-be the ones fighting government if they did the same. 51 Likes 8 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by 99thEnemy(m): 11:10pm On Mar 26 |
Roboto11:You said it all. 39 Likes 2 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by aieromon(m): 11:12pm On Mar 26 |
U.S. Attorney Damian Williams said: “As today’s Indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin’s platform. Indeed, KuCoin allegedly took advantage of its sizeable U.S. customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billions of dollars of daily trades and trillions of dollars of annual trade volume. But financial institutions like KuCoin that take advantage of the unique opportunities available in the United States must also comply with U.S. law to help identify and drive out crime and corrupt financing schemes. KuCoin allegedly deliberately chose not to do so. As alleged, in failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering, with KuCoin receiving over $5 billion and sending over $4 billion of suspicious and criminal funds. Crypto exchanges like KuCoin cannot have it both ways. Today’s Indictment should send a clear message to other crypto exchanges: if you plan to serve U.S. customers, you must follow U.S. law, plain and simple.” https://www.justice.gov/usao-sdny/pr/prominent-global-cryptocurrency-exchange-kucoin-and-two-its-founders-criminally 1 Like |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by tophempire: 11:27pm On Mar 26 |
Unfortunately the government won't let crypto fly because it's out of their control. Crypto is the only true solution to the worlds financial problems 35 Likes 3 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Seunpapa65: 11:29pm On Mar 26 |
Crypto has come to stay Note if you get coin for kucoin just move it to be on safe side 8 Likes 4 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Slytiger: 11:53pm On Mar 26 |
Some people will still blame Tinubu. 35 Likes 4 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Aboks(m): 12:46am On Mar 27 |
Na wa they want young guys to turn robbers 3 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by CannibalTorment: 2:26am On Mar 27 |
Peter girigory Obi rogues will have attack Tinubu for doing the same 30 Likes 3 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by inoki247: 5:45am On Mar 27 |
Lol so in one word Crypto will be regulated las las.... 1 Like |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by globalresource: 5:46am On Mar 27 |
Lol |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Judolisco(m): 5:46am On Mar 27 |
Bitcoin is used for money laundering all over the world... Na 9ja own worse pass sef... Na those wicked politicians orchestrate how dat Binance guy take escape 10 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by derecho(m): 5:48am On Mar 27 |
Okay...na U.S Tinubu wan copy? |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by MuslimIgbo: 5:48am On Mar 27 |
Ọmọ War against crypto don dey go far o ![]() ![]() ![]() But what are they looking for in the USA? 32 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by ManishSmith(m): 5:53am On Mar 27 |
Crypto space is now a big mess, I could remb when the only wallet we used was just blockchain, but look at today many wallets. I’m so sure satoshi this wasn’t his plan, because his main idea was to create a currency that was decentralized and devoid of government control. 9 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Hndrrxxx(m): 5:55am On Mar 27 |
Fjjh |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by BannedUser: 6:02am On Mar 27 |
FreeStuffsNG: Nigeria has already set a bad example with how they handled Binance. They will not see a 1 kobo from the lots of crypto exchanges Nigerians still use steadily. They won't even bother to open a local office in this country. 5 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by omolola15(m): 6:04am On Mar 27 |
globalresource: How naija take Enter this matter now. 2 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by globalresource: 6:04am On Mar 27 |
FreeStuffsNG: It seems this guy be the Head of 30k monthly miscreants in APC 20 Likes 2 Shares |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by twilliamx(m): 6:07am On Mar 27 |
Richtaiwo: Very cursed |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by RealTrump: 6:10am On Mar 27 |
FreeStuffsNG: These companies are Chinese owned, Chinese government always give their companies excess backing worldwide. Only US that can do these kinds of things worldwide. After borrowing billions from China, you think they will fold their arms n allow you drag their companies? You are quite far from reality, but I don't expect much. People who have an ineffective government often think other governments are like that 9 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Kobicove(m): 6:11am On Mar 27 |
It's almost as if there is a co-ordinated attack against crypto this year by various governments ![]() 6 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by BannedUser: 6:12am On Mar 27 |
Judolisco: It's easier to use physical cash for money laundering. Bitcoin transactions are very traceable. 5 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by Kobicove(m): 6:13am On Mar 27 |
tophempire: Na lie! Crypto does not have all the qualities an item requires to be considered a good form of money ![]() 7 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by RushManni: 6:15am On Mar 27 |
What is actually this battle between crypto and the govt ...or better still, crypto exchanges and governments ? 4 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by DesChyko: 6:18am On Mar 27 |
Kobicove: Do you have crypto assets? 4 Likes |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by BannedUser: 6:19am On Mar 27 |
RushManni: Crypto itself is decentralized and outside the control of any government in the world, so they can only go after exchanges that are controlled by people who basically act as middlemen. But the reality is that crypto doesn't even need exchanges. 14 Likes 1 Share |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by DesChyko: 6:23am On Mar 27 |
RushManni: The timing of this is suspect; Just when the bull run is around the corner. My take is, they're trying to narrow the players on the field through speculation. Why going after exchanges one by one when you can hit all with one swing? 😎 1 Like |
Re: Money Laundering: US Slams Criminal Charges On Kucoin's 2 Founders by omoadeleye(m): 6:24am On Mar 27 |
End of crypto era is coming |
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