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News Explorer — Nearly $800 Million Withdrawn From KuCoin After DOJ Charges

Generated by AI, curated by humans

Mar 27, 5:32 am

The Block

Nearly $800 Million Withdrawn From KuCoin After DOJ Charges

KuCoin has experienced a net outflow of over $780 million across multiple chains in the past 24 hours following charges lodged against it by the U.S. Department of Justice. The outflow is a result of a total outflow of $882 million and an inflow of $99 million, resulting in a net outflow of $783 million. The exodus from KuCoin comes after the DOJ indictment and allegations of violating anti-money laundering laws.

KuCoin has experienced a net outflow of over $780 million across multiple chains in the past 24 hours following charges lodged against it by the U.S. Department of Justice. The outflow is a result of a total outflow of $882 million and an inflow of $99 million, resulting in a net outflow of $783 million. The exodus from KuCoin comes after the DOJ indictment and allegations of violating anti-money laundering laws.

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