Cocoin, headquarters in Sections, admitted on Monday that a company that is not perpetuated to transfer money agreed to pay nearly $ 300 million of fines and confiscation.

Representatives Monday said on Monday that Peken Global Ltd. , One of the three entities working in Cocoin, an appeal entered the Federal Court of Manhattan as part of an agreement.

American boycott judge Andrew Carter imposed a fine of $ 113 million and requested $ 184.5 million in sources, according to the US Prosecutor Office statement.

The fees were followed from March 2024 The indictment Against Cocoin and its founders, Chun Gan and Ki Tang, both of whom are Chinese citizens.

Prosecutors' representatives accused the company of managing unlicensed business from money transfer operations and failing to implement a funding program.

GAN and Tang have signed postponed prosecution agreements, avoiding more legal measures. Both founders will lose $ 2.7 million each.

in statement On Monday, Gan announced that he had resigned from all roles in the company as part of the settlement agreement.

He described the decision as a "favorable result" that rejects all the charges against him and the co -founder Ke Tang when satisfied with specific conditions. Jean emphasized that neither he nor Tang aims to violate American laws.

Gan Cocoin will focus on global growth under the leadership of BC Wong CEO, describing the team as "exceptional". He also expressed plans to follow up on the new Blockchain projects, reaffirmed his belief in the transformational potential of technology.

Prosecutors said that Tang, also known as Eric, who was accused with Becken in March 2024, "no longer has any role in managing or operations."

The case follows Cocoin's settlement in December 2023 with New York State Organizers.

The Stock Exchange agreed to pay 22 million dollars of fines, recover the recovered amounts, stop trading in New York, and resolve the allegations that work without the appropriate registration as the securities and commodity medium.

Kucoin's penalty is the latest in a series of American measures aimed at exchanging encryption.

Earlier this month, Seychells has been requested 100 million dollars For her failure to comply with anti -money laundering laws.