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KuCoin, a cryptocurrency exchange, faced over $1.1 billion outflows in 24 hours following US Department of Justice charges, leading to users withdrawing assets to avoid risks. The exchange retained around $4.02 billion in assets. The Commodity Futures Trading Commission (CFTC) Commissioner criticized the agency's enforcement action against KuCoin for alleged violations.
Caroline Pham, Commissioner of the Commodity Futures Trading Commission (CFTC), has publicly criticized her agency’s enforcement action against the cryptocurrency exchange @kucoincom . KuCoin was charged with the unlawful operation of the digital asset derivatives exchange on…
JUST IN: @CFTC COMMISSIONER SAYS THEY MAY BE INFRINGING ON SEC'S AUTHORITY IN KUCOIN CHARGES
Statement of @CFTCpham Regarding KuCoin Complaint: https://t.co/rQjB0Xjxe0
