![KuCoin Ventures to Provide $20K Grant to TON Ecosystem Atmosphere (Shutterstock/CoinDesk)](https://btcusa.com/wp-content/uploads/2023/12/KuCoin-Ventures-to-Provide-20K-Grant-to-TON-Ecosystem-678x381.jpg)
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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.
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