![](https://kidit.xyz/wp-content/uploads/2023/12/KuCoin-to-Pay-22M-Exit-NY-to-Settle-NYAG-Lawsuit.jpg)
Kucoin will refund $16.77 million to New York customers and pay $5.3 million to the Attorney General of the State of New York to settle charges it violated securities laws by offering tokens – including ether – that meet the definition of a security without registering with the attorney general’s office.