According to BlockBeats news, on March 27, Wu Shuo Blockchain quoted three independent sources as confirming that KuCoin had considered ceasing operations and selling the exchange in 2023. Relevant personnel from multiple exchanges including Binance received information about the sale. In 2023, many KuCoin businesses will be spun off at an accelerated pace to reduce risks. KuCoin was launched into criminal investigation by the US DOJ in 2023, and has also been subject to multiple investigations in China. KuCoin was previously the only major offshore exchange that did not ban US IP. Wu said that data research conducted in 2022 had pointed out that KuCoin may face extreme pressure from the United States. The DOJ pointed out that KuCoin had a passive attitude towards supervision and never submitted any required suspicious activity reports. In July 2023, when KuCoin was informed of the US criminal investigation into its activities, KuCoin launched a KYC process for new customers.

According to BlockBeats news, on March 27, Wu Shuo Blockchain quoted three independent sources as confirming that KuCoin had considered ceasing operations and selling the exchange in 2023. Relevant personnel from multiple exchanges including Binance received information about the sale. In 2023, many KuCoin businesses will be spun off at an accelerated pace to reduce risks. KuCoin was launched into criminal investigation by the US DOJ in 2023, and has also been subject to multiple investigations in China. KuCoin was previously the only major offshore exchange that did not ban US IP. Wu said that data research conducted in 2022 had pointed out that KuCoin may face extreme pressure from the United States. The DOJ pointed out that KuCoin had a passive attitude towards supervision and never submitted any required suspicious activity reports. In July 2023, when KuCoin was informed of the US criminal investigation into its activities, KuCoin launched a KYC process for new customers.