Market
What will be the outcome of additional legal actions against KuCoin by other countries by end of 2025?
2
Resolution / Starting Odds
Fined • 25%
License revoked • 25%
No action • 25%
Other • 25%
Official announcements or legal filings from international regulatory bodies
Story
KuCoin Pleads Guilty to Unlicensed Money Transmission Charges, Agrees to $300 Million Settlement; Antonia Perez Hernandez Sentenced to 30 Months
Jan 27, 2025, 09:11 PM
KuCoin, a cryptocurrency exchange, has pleaded guilty to charges of operating an unlicensed money transmitting business in the Southern District of New York. The company agreed to pay nearly $300 million in fines and forfeitures as part of the settlement with the U.S. Department of Justice. This development is part of a broader legal scrutiny that began in March 2024, where the DOJ alleged that KuCoin facilitated the movement of approximately $4 billion in illicit funds. In a separate case, Antonia Perez Hernandez, a senior promoter of the Forcount Ponzi scheme, was sentenced to 30 months in prison for her role in defrauding investors of $8.4 million between 2017 and 2021. The sentencing was presided over by U.S. District Judge Analisa Torres.
View original story
Similar markets
Other • 25%
Decreased market liquidity • 25%
No significant impact • 25%
Increased competition • 25%
No actions dropped • 25%
Some actions dropped • 25%
Most actions dropped • 25%
Increased actions • 25%
SEC wins • 25%
Settled • 25%
Dropped • 25%
Coinbase wins • 25%
Regulatory changes • 25%
Market demand • 25%
Other • 25%
New partnerships • 25%
Settled • 25%
Dismissed • 25%
Judgment for Do Kwon • 25%
Judgment Against Do Kwon • 25%
Legal action against Asma al-Assad • 25%
Legal action against the leaker • 25%
Other legal outcomes • 25%
No legal action taken • 25%
No repayment • 25%
Full repayment • 25%
Partial repayment • 25%
Settlement reached • 25%
Settlement reached • 25%
Kiesewetter found guilty • 25%
Kiesewetter found not guilty • 25%
Case dismissed • 25%
Coinbase wins majority • 25%
No resolution reached • 25%
SEC wins majority • 25%
Majority are settled • 25%