KUCOIN SETTLES WITH NEW YORK FOR $22 MILLION AND AGREES TO BLOCK USERS FROM STATE

Summary from the TLDR Crypto newsletter

Crypto exchange KuCoin has agreed to a $22 million settlement with New York's Attorney General Letitia James over a lawsuit accusing it of breaking state laws by listing unregistered securities. As part of this agreement, KuCoin will withdraw from the New York market, paying $5.3 million to the state and refunding $16.7 million to investors.