According to the Daily Coin report, in response to the prosecution of New York Attorney General Letitia James, KuCoin stated, “Currently, KuCoin has not received any legal documents related to the incident. KuCoin will continue to pay close attention to the development of the situation and will resolve the matter through legal channels if necessary.” As Foresight News previously reported, New York Attorney General Letitia James filed a lawsuit against KuCoin, alleging that KuCoin failed to register as a securities and commodities broker-dealer, falsely represented itself as an exchange, and sought to prevent the company from operating in New York.