KuCoin founder Michael Gan has announced his resignation as CEO of the cryptocurrency exchange. This decision follows a favorable settlement with the United States Department of Justice (DOJ), where all charges against Gan and his co-founder, Eric Tang, were dismissed. The case had involved issues relating to regulation, money laundering, and other criminal matters.
The resolution of this protracted case seemingly allows KuCoin to move past its legal troubles. The settlement with the DOJ marks a significant turning point for the company, providing an opportunity to refocus on its business operations and future strategies in the cryptocurrency market.
