🚨BREAKING: #KuCoin Settles with 🇺🇸DOJ Over Unlicensed Money Transmitter Charges

⦿ Agreed to pay $297 million in penalties.
⦿ Will exit the U.S. market for 2 years.
⦿ Founders Chun Gan ("Michael") and Ke Tang ("Eric") removed from management.
⦿ Founders indicted, but prosecution deferred for 2 years.