KuCoin Co-Founders Step Down Amid $300M Settlement Over US Charges

Quick Summary:

KuCoin founder Michael Gan revealed Monday he has relinquished all roles at the company as part of a settlement agreement.

He described the resolution as a “favorable outcome” that dismisses all charges against him and co-founder Ke Tang upon satisfaction of specific conditions.

District Judge Andrew Carter imposed a $113 million fine and ordered $184.5 million in forfeitures, according to a U.S.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaSeychelles

Topics: Breaking Push Doj Law and Order U.S. Attorney's Office Breaking Tag Kucoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 22:33:45 (2 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 25544154

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

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Year Established: 2018

Headquarters: Estonia

News Last Updated: 11 hours ago

Coverage Areas: Estonia

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Publisher ID: #63

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