Its surprising to see that KuCoin would have involved in such crime, I will not ask why they waited this long to make a strong case against them, while according to news, they were involved into darknet money since 2017, there could be many possibilities to this the one would be, authorities got some strong evidence in there hands now and opened the case against them, some people might interpret this action of SEC to make profits in this bull market.
Overall, I don't think KuCoin is related to Binance's case in any way, as they were forced out, due to many of the reason, the main is, people used that exchange to send funds to Gaza and Palestine people, CMIIW.
What we have seen so far when it comes to the SEC lawsuits, Kucoin will have to pay for this or go out of business.
I didn't go into much detail based on which the fines were determined, but I would definitely say that it is strange that Kucoin gets a bigger fine than Binance, it is certainly a smaller exchange with less volume.
Really! I did not hear about this, how much Kucoin got fined, as of my knowledge Binance was fined over $ 4 billion dollars, and after reading some news I found that Kucoin was fined more than $2 billion dollars I might be wrong. If its true then how Kucoin's fine is bigger than the Binance fine.