uCoin, a global cryptocurrency exchange, has reached settlements with the U.S. Department of Justice (DOJ), marking the start of a new chapter focused on compliance and strengthened global operations under its new CEO, BC Wong.

As part of the settlement, KuCoin has agreed to exit the U.S. market for a minimum of two years. This underscores KuCoin's commitment to meeting regulatory standards and enhancing its compliance infrastructure to align with global expectations.

Resolutions have also been reached between DOJ and each of KuCoin's founders, Chun Gan and Ke Tang, by which the DOJ has agreed to dismiss all charges against them upon their satisfaction of certain conditions. This outcome ensures a clean path forward for KuCoin and its new leadership.