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.