A report titled "Cryptoverse India Report," published last August 23, stated that more than 54% Indians seek to invest even more in digital currencies over the next six months.
OSC published a list of 13 firms targeting Ontario residents despite not being licensed, and for the second time this month, KuCoin is on the list.
The report by KuCoin exchange also revealed that while blockchain is a male-dominated field, women are taking the lead in Web3—and this could lay the foundation for its success.
The OSC listed KuCoin, FX-BTC Trade, and others in its latest warning list of firms targeting Ontario residents even when they are not licensed to operate.
Lou Yu, head of KuCoin Labs, believes that the metaverse will be the place to be for the next generation of entrepreneurial internet users.
The Ontario securities watchdog also slapped a $1.9 million fine on Bybit, claiming that the two operated unregistered digital asset trading platforms in the province.
Digital assets security researcher Zachxbt revealed that 91 NFTs were stolen, and most of the funds from the stolen NFTs found their way to KuCoin and Binance.
The Ontario Securities Commission has initiated enforcement proceedings against the companies behind the KuCoin exchange.
KuCoin CEO Johnny Lyu has released an update that takes a look at the total damage of the September 25th KuCoin hack and how much money was recovered.
In total, $286,933,760 worth of digital currency and 200 pieces of customer data were stolen from digital currency exchanges in 2020.
KuCoin CEO and co-founder Johnny Lyu has said the firm has successfully recovered the bulk of the funds from those involved in the attack.