Key Takeaways
- ZachXBT accused Kucoin of routing $13M+ in stolen funds in April while ignoring German law enforcement.
- The exchange has faced a $300M DOJ settlement, a $500K CFTC penalty, and regulatory bans in Austria and Japan in recent months.
- With no public response from Kucoin, the exchange’s AML credibility is under mounting scrutiny.
ZachXBT Says Kucoin Is ‘Complicit’
The pseudonymous blockchain sleuth posted a direct broadside against Kucoin on May 22. “The team is complicit and allows illicit activity to flow as long as it generates fees,” ZachXBT wrote on X, noting that German law enforcement has been unable to get any response from the exchange. He further added that he has raised these concerns publicly before and is…
