ZachXBT: KuCoin Sends Legal Threat Email to Victim in $250,000 Stolen Funds Money Laundering Case

Odaily reported that on-chain investigator ZachXBT stated that KuCoin recently sent a legal threat email to a victim who had previously lost approximately $250,000 to an Atomic Stealer malware attack. The stolen funds were subsequently laundered through a KuCoin account that utilized a purchased KYC identity.

ZachXBT noted that the involved funds then flowed into multiple KuCoin deposit addresses. He also stated that over the past few months, he has issued multiple warnings against KuCoin for reasons including freezing user accounts, facilitating illegal activities, and being slow to respond when assisting law enforcement with victim cases.