Cryptocurrency exchange KuCoin has launched KCUSD, a new stablecoin product offering a base annual percentage rate of up to 4% with daily returns on eligible stablecoin balances. The company plans to expand KCUSD's functionality to include collateral and trading utility.
American musician Garrett Dutton (G. Love) lost 5.9 Bitcoin ($420,000) after entering his seed phrase into a fraudulent Ledger app that appeared on Apple's App Store. The funds were quickly sent to KuCoin deposit addresses.
A US court ordered KuCoin operator Peken Global Limited to pay a $500,000 penalty to the CFTC and permanently block American traders from its platform, following a separate $297-300 million DOJ settlement over similar conduct.
