The US government has accused crypto exchange KuCoin and two founders of violating anti-money laundering laws.  

KuCoin founders Chun Gan and Ke Tang were each charged with one count of conspiracy to violate the US Bank Secrecy Act and one count of conspiracy to operate an unlicensed money transmitting business. 

Neither have been arrested, according to the US Department of Justice.

“As today’s indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of US users were trading on KuCoin’s platform,” US Attorney Damian Williams said in a statement.

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