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Techub News reports that KuCoin, a leading global crypto platform, today launched KuCoin 5.0, a comprehensive platform upgrade designed to embed trust into every aspect of users' trading, asset management, and interactions. This version enhances platform reliability by strengthening security mechanisms and optimizing user interface design. (PR Newswire)
Techub News reported, according to Cointelegraph, Japan's Financial Services Agency (FSA) has issued warning letters to multiple companies including KuCoin for engaging in over-the-counter derivatives trading without registration. According to the latest list published by the FSA, KuCoin, NeonFX, theoption, and GTCFX received notices in March for "soliciting over-the-counter derivatives transactions via the internet." The FSA had issued similar warnings to exchanges including KuCoin and Bybit in November 2024 and requested Apple and Google to suspend downloads of the KuCoin app in February 2025.
Techub News reports, according to CryptoPolitan, the Dubai Virtual Assets Regulatory Authority (VARA) has issued a market alert to the Kucoin exchange, Phoenixfin, and Peken Global Limited (conducting commercial advertising under the name Kucoin). VARA noted that Kucoin has been providing virtual asset services without obtaining the necessary regulatory approvals and has misrepresented its licensing status. Consequently, VARA has ordered the company to cease all unlicensed virtual asset activities.
Techub News, KuCoin announced that its European branch, KuCoin EU, has officially obtained a MiCAR license in Austria, enabling it to provide compliant digital asset services in 29 European Union countries.
Techub News: KuCoin donated HKD 2 million through the Tong Ren Foundation to support the Hong Kong Fire Services Department-related assistance projects for firefighters and their families (including children), as well as related support work following the Tai Po fire. KuCoin expressed its highest respect to the firefighting and rescue personnel working on the front lines and deep concern for the affected residents. KuCoin will continue to monitor the progress of subsequent rescue and community reconstruction efforts, standing together with Hong Kong citizens to overcome the difficulties.
Techub News: KuCoin has announced that it has filed an appeal against the recent decision by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to uphold a violation notice and impose a substantial fine. KuCoin stated that the company should not be classified as a "foreign money services business," arguing that the fine is excessive and punitive. The appeal has been submitted to the Federal Court of Canada in accordance with statutory rights.
Techub News: According to Reuters, Canada's anti-money laundering agency announced it has fined Peken Global Limited, the operator of the cryptocurrency exchange KuCoin, 19.6 million CAD (approximately 14.09 million USD). The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) stated that Seychelles-based Peken Global failed to register as a foreign money services business, did not report large virtual currency transactions of 10,000 CAD or more, and failed to submit suspicious transaction reports, which are mandatory requirements for all financial institutions. This is the largest fine ever issued by FINTRAC.
Techub News reported that on-chain detective ZachXBT tweeted that NEAR Intents, an intent execution network within the NEAR ecosystem, was attacked, resulting in a loss of approximately $3.865 million. The attack originated from multiple abnormal outflows of funds from its BSC hot wallet. The stolen funds were transferred to the KuCoin exchange and bridged into Bitcoin. The attacker's address interacted with an address marked as belonging to the North Korean hacker group Lazarus Group (0x098B7...E2f96). (@PeckShieldAlert)
Techub News, KuCoin Web3 Wallet has announced the integration of the 1inch Swap API, offering users gasless swaps, MEV protection, and better liquidity, with support for tokenized real-world asset (RWA) trading. The integration builds on a previous collaboration with Ondo Global Markets, which introduced hundreds of tokenized RWAs to its self-custodial wallet. A co-founder of 1inch stated that this combination will help users seamlessly trade RWAs without worrying about gas fees or the risk of MEV attacks.
Techub News: The Web3 travel platform Staynex announced that its native token STAY will officially launch via TGE on the KuCoin and LBank exchanges at 20:00 Hong Kong time today. Staynex is a global travel platform integrating AI and Web3. It has currently integrated resources from 2.65 million hotels, achieved $600,000 in recurring revenue, and boasts over 40 ecosystem partners and 65,000 users. The platform has launched AI travel products, enabling users to "earn while staying" during their travels, converting consumption into on-chain assets. STAY can be used for hotel bookings, membership benefits, and reward mechanisms, while also supporting staking to earn yields. The platform allocates 20% of its revenue to repurchasing STAY to enhance its long-term value. The total token supply is 100 billion, with an initial circulating supply of only 3% upon listing and a fully diluted valuation of $35 million.
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