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The heart of the SEC's lawsuit, filed last June, accuses Coinbase of acting as an unregistered securities exchange, broker, and clearing agency.

Major setback for Coinbase as court finds SEC lawsuit plausible

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 announces $10M airdrop, following DOJ charges

KuCoin, along with two of its founders, have been charged with violating anti-money laundering laws.

KuCoin experiences over $700 million in outflows after DOJ charges