KuCoin activated a rule moving USDT- and USDC-margined perpetual contracts to hourly funding settlement once contract funding caps or floors are reached.
A Swiss investor, Didier Rabl, has not received over $2 million from KuCoin after a Seychelles Supreme Court ruling declared him the owner of 21 million CoinPoker tokens and ordered the exchange to pay him USDT and damages. KuCoin's Seychelles entities did not contest the ex parte judgment.
A Swiss investor, Didier Rabl, has been awarded over $2 million USDt and $10,000 in damages by the Seychelles Supreme Court against KuCoin entities. The court ruled Rabl is the sole owner of 21 million CoinPoker tokens previously held on KuCoin, which the exchange had declared "abandoned" after delisting. KuCoin entities did not appear in court.
Crypto platform KuCoin is expanding in Australia, launching a new office and a crypto-backed debit card, KuCard, to facilitate everyday purchases. The move follows AUSTRAC registration and aims to integrate digital assets into daily commerce.
KuCoin EU has appointed Carmen Kleinhans as Anti-Money Laundering officer and two deputy AML officers from former Austrian regulators and bank compliance chiefs, expanding its compliance team in Vienna. The move follows February's FMA decision prohibiting KuCoin EU from onboarding new clients after finding inadequate staffing of key AML/CTF and sanctions compliance roles. The exchange faces broader regulatory pressure, including a $300 million US settlement in January 2025 and recent warnings from Dubai's VARA.
