₿ KuCoin New York Customer Asset Return (NY AG v. MEK Global and PhoenixFin)

The New York Attorney General alleged that KuCoin operated as an unregistered securities and commodities broker-dealer and failed to register with the state, and that New York customers' assets should be returned under a consent order.

New York customers who bought or sold cryptocurrency on KuCoin between 2017 and 2023 and qualify as a New York customer through a New York address or phone number, New York IP access, or New York KYC verification on file as of November 29, 2023.

Return of customer account balances as of November 29, 2023 — approximately $16,766,642 in KuCoin customer assets in total; KuCoin also paid $5.3 million to the New York Attorney General

February 28, 2029

October 2, 2026

The matter is People of the State of New York v. MEK Global Limited and PhoenixFin Pte Ltd d/b/a KuCoin, in the Supreme Court of the State of New York, County of New York. Under the consent order KuCoin is returning approximately $16,766,642 in customer assets to qualifying New York customers, based on account balances as of November 29, 2023, and paid $5.3 million to the New York Attorney General. New York customers who bought or sold cryptocurrency on KuCoin between 2017 and 2023 may qualify through a New York address or phone number, New York IP access, or New York KYC verification on file. Filing is available online or by mail and the process runs through February 28, 2029.