KuCoin founder Michael Gan reaches a settlement with U.S. regulators and will focus on driving industry innovation

2025-01-28 09:48:23

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ChainCatcher news, KuCoin has reached a favorable settlement agreement with U.S. regulators, marking an important milestone in the company's development. According to the settlement agreement, the U.S. Department of Justice has agreed to dismiss all charges against KuCoin founder Michael Gan and co-founder Eric Tang upon meeting certain conditions.

As part of the settlement agreement, Michael announced that he will step down from all positions related to KuCoin and its affiliates. In his statement, he expressed heartfelt gratitude for the trust and support from the KuCoin community and stated that he is confident in the leadership team led by BC Wong, believing that under their guidance, KuCoin will continue to grow and create value for users and the industry.

Looking ahead, Michael stated that he will focus on new projects aimed at driving growth and innovation in the cryptocurrency industry.

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KuCoin Michael Gan settlement agreement

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