Tag: PhoenixFin

CFTC files complaint against Chinese crypto exchange KuCoinT
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March 28, 2024

The CFTC Complaint Against Chinese Crypto Exchange KuCoin Completes Enforcement Actions!

As reported by FinTelegram, the U.S. Department of Justice (DOJ) has filed an indictment against the crypto exchange KuCoin and its Chinese founders, Chun Gan and Ke Tang. In a parallel action, the Commodity Futures Trading Commission (CFTC) has initiated a civil enforcement action against the crypto exchange and its operating entities Mek Global Limited, PhoenixFin PTE Ltd, Flashdot Limited, and Peken Global Limited.
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KuCoin CEO poses as monkey on social mediaC
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September 9, 2022

Crypto Exchange KuCoin Or Would You Trust An CEO Posing As An Monkey On Social Media?

Established in 2017, KuCoin is one of the largest crypto exchanges worldwide, with more than 11 million customers. In an interview with Forbes in June 2022, its CEO Johnny Lyu said that they raised $20 million from IDG Capital and Matrix Partners. On Trustpilot, KuCoin has a Poor trust level with only 1.8 stars. Early Sept 2022, the Spanish regulator CNMV warned against the exchange. Its CEO presents himself as a sort of ape on social media. Would you really trust those guys? We wouldn't!
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Regulators OSC and CNMV warn against KuCoinA
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September 6, 2022

Attention! Regulatory Warnings Against Crypto Exchange KuCoin

Established in 2017, KuCoin is one of the largest crypto exchanges worldwide, with more than 11 million customers. MEK Global Limited, registered in Seychelles, and PhoenixFin Pte. Ltd in Singapore are the operating entities. In early August 2022, Canada's Ontario Securities Exchange (OSC) warned against KuCoin for unauthorized securities trading based on a report of the Capital Markets Tribunal in Toronto. On September 5, 2022, the Spanish CNMV issued a warning against the crypto exchange.
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