KuCoin Founder Michael Gan Reaches Settlement with US Regulators, Will Focus on Driving Industry Innovation

BlockBeats News, January 28th, KuCoin has reached a favorable settlement agreement with a U.S. regulatory agency, marking a significant milestone in the company's development. Under the settlement agreement, the U.S. Department of Justice has agreed to drop all charges against KuCoin co-founder Michael Gan and co-founder Eric Tang upon meeting specific conditions.

As part of the settlement agreement, Michael announced that he will step down from all positions related to KuCoin and its affiliated companies. In a statement, he expressed sincere gratitude for the trust and support of the KuCoin community and stated his confidence 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 driving growth and innovation in the cryptocurrency industry through new projects.