The post $13 Million Illegally Laundered Through KuCoin, Claims ZachXBT… appeared on BitcoinEthereumNews.com.

KuCoin, once thought to have fled the spotlight for good, returned to the limelight after an explosive thread from ZachXBT alleging that KuCoin had been covering up vast money-laundering schemes totalling over $13m worth of illicit cash. These accusations have sparked demand for greater scrutiny of the cryptocurrency sector. ZachXBT’s comments are pointed, contending that KuCoin “deserves to have regulators come after its business again.” his comments echo a growing frustration among blockchain analysts who charge that some centralized exchanges are still weak links in an unrelenting effort to fight financial crime.This controversy comes as global regulators set their sights on compliance in cryptocurrency, most notably related to anti-money laundering (AML) and KYC regulations. If these allegations prove to be true, KuCoin may come under increased scrutiny from regulators and add to a larger conversation about accountability in the digital asset industry. Millions Transferred Over KuCoin Using Fake Ledger Exploit Given that, the centre of this drama around a more complex scam involving a Ledger wallet clone application According to ZachXBT, a mischievous actor took advantage of unsuspecting users and eventually an estimated $9.5 million worth funds associated with this scheme were transferred. The method of laundering is especially worrying. The investigator asserts that the attacker used more than 150 separate KuCoin-linked deposit addresses to launder these funds in just one week. Such a level of fragmentation indicates an intentional attempt to hide trails for transactions and avoid detection. C) Want to explain to the community why Kucoin allowed a threat actor to launder $9.5M+ tied to a fake Ledger app via 150+ Kucoin deposit addresses over the past week? A few days before that another threat actor laundered $3.5M+ from the Bitcoin Depot incident via 25+ Kucoin… pic.twitter.com/vo7jb1rdwu — ZachXBT (@zachxbt) April 14, 2026 While exchanges using different deposit…

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Filed under: News - @ April 14, 2026 2:27 pm