Insiders: KuCoin accused of offering products that violate New York state securities laws

ChainCatcher news, CoinDesk executive editor nikhileshde pointed out that the specific allegations from the U.S. Department of Justice against KuCoin are that KuCoin offered some products in New York that violated securities laws, such as the interest-earning product KuCoin Earn. KuCoin has received a subpoena, but it has refused to respond to the subpoena and declined to appear in court, and a lawsuit is expected to arise soon. (source link)