TechFlow news, according to Wu Blockchain, three independent sources have confirmed to the media that KuCoin considered halting operations and selling the exchange in 2023. Personnel from Binance and several other exchanges received information about the potential sale. In 2023, KuCoin accelerated the divestment of many business units to reduce risks.
In 2023, KuCoin was subjected to a criminal investigation by the U.S. Department of Justice (DOJ) and also faced multiple investigations within China. Previously, KuCoin was the only major offshore exchange that did not block U.S. IP addresses.
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