pull down to refresh

'Haven For Illicit Money-Laundering' - DoJ Charges Crypto Exchange KuCoinwww.zerohedge.com/crypto/haven-illicit-money-laundering-doj-charges-crypto-exchange-kucoin-over-billions-criminal
993 sats \ 5 comments \ @BitcoinIsTheFuture 26 Mar econ
Yikes
write
preview
related posts
48 sats \ 1 reply \ @netstatic 26 Mar
the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering, with KuCoin receiving over $5 billion and sending over $4 billion of suspicious and criminal funds.
"suspicious and criminal funds" sounds very ambiguous. Almost like the DoJ doesn't need evidence to back up their accusations anymore. This is yet another (probably baseless) swing at the cryptocurrency industry that's bound to fail.
It probably hurts to be so entrenched in the system, like these government employees are, and see their US dollar lose more value than even some of these shitcoins.
reply
0 sats \ 0 replies \ @BitcoinIsTheFuture OP 26 Mar
Yup you nailed it!
reply
0 sats \ 0 replies \ @BitcoinIsTheFuture OP 27 Mar
Updates. Not good! We’ll be down to a handful of US exchanges soon! https://www.wsj.com/articles/kucoin-and-its-founders-face-criminal-charges-over-money-laundering-violations-f8f2900c
reply
0 sats \ 1 reply \ @OT 26 Mar
Where is kucoin based?
reply
0 sats \ 0 replies \ @BitcoinIsTheFuture OP 26 Mar
Per Google- About KuCoin The company provides spot trading, margin trading, purchase-to-pay fiat trading, futures trading, staking, and lending. It was founded in 2017 and is based in Mahe, Seychelles.
reply