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KuCoin and Founders Charged for Violations of Bank Secrecy Act and Commodity Exchange Act

Cryptocurrency exchange KuCoin, along with its founders GAN and TANG, are facing criminal charges for breaching the Bank Secrecy Act and the Commodity Exchange Act. This follows an investigation by the Commodity Futures Trading Commission (CFTC), which filed a civil enforcement action against Mek Global Limited, PhoenixFin PTE Ltd., Flashdot Limited, and Peken Global Limited, collectively operating as KuCoin.

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Arbitrum DAO Withdraws Proposal to Donate $1.28M to Tornado Cash Developers’ Legal Defense Amid Legal Concerns

Arbitrum DAO has retracted a proposal to contribute approximately $1.28 million worth of ARB tokens to assist Tornado Cash developers Roman Storm and Alexey Pertsev in their legal battle. The decision came after token holders expressed apprehensions about potential legal ramifications associated with such donations.

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