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. Nansen, an onchain analytics firm, observed a major exodus of funds from the platform in which more than $200 million were pulled from the Ethereum-based assets and other EVM-compatible chains in a short period.
DOJ Legal Action Triggers Withdrawal Surge
According to Damian Williams, the U.S. Attorney for the Southern District of New York, the indictment charges KuCoin and its owners with breaches of anti-money laundering and Bank Secrecy Act regulations.
Mass Stablecoin Withdrawals on KuCoin Exchange
“The exchange’s reserves, in stablecoins, have decreased by more than US$100 million in the last 3 hours.” – By @caueconomy
Full post https://t.co/3CeAAq45AJ
— CryptoQuant.com (@cryptoquant_com) March 26, 2024
In the wake of this announcement, Nansen noted a quick reaction from the exc
We współpracy z: https://coingape.com/kucoin-hit-by-200m-withdrawal-surge-after-doj-charges/
