It is really sad how a reputed exchange ended up as a bad one, First, they targeted Binance, and now Kucoin, I will not say they are finding ways to ban such exchanges and to seize their funds in the end, I will just say, they are doing good and they should bring the real face of such exchanges in front of us. After that its the decision of the community to judge there case in there own way. Some will say what happened to both exchanges was not good while others will say the opposite.
I think what happened to Binance was unfortunate, but what happened to Kucoin was not, because both have different cases and considering the fine I think SEC and the US officials have a good way to implement fine on exchanges like they fined Binance more than $4 billion and fined KuCoin more than $2 billion only. As considering the fine factor I don't really think they are after these exchanges, I think they just want to make things more legal.