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After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million.

CoinGape LogoCoinGape1 mo ago

After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million. - CoinGape

Quick Summary:

Since the recent indictment of the cryptocurrency exchange KuCoin and its founders by the Department of Justice (DOJ), there has been a significant increase in the number of withdrawal activities.

This migration is a reflection of the community’s response to the possible legal and operational risks related to the indictment.

However, the large outflows attest to some degree of users’ worry about the stability and future of their holdings on the exchange.

More Pictures

After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million. - CoinGape (Picture 1) After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million. - CoinGape (Picture 2)

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-27 @ 06:48:52 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20531350

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 57 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story " After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million." has 424 words across 25 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story " After the United States Department of Justice (DOJ) filed charges against cryptocurrency exchange KuCoin, the platform experienced a sudden surge in withdrawals totaling $200 million." was covered 1 months ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 57 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #20531350
  • URL: https://beamstart.com/news/kucoin-hit-by-200m-withdrawal-17114933324089

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