The heart of the SEC's lawsuit, filed last June, accuses Coinbase of acting as an unregistered securities exchange, broker, and clearing agency.
After the DOJ charged KuCoin with violating anti-money laundering laws, the exchange announced plans to airdrop $10 million worth of $BTC and $KCS to its users.
KuCoin, along with two of its founders, have been charged with violating anti-money laundering laws.