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New details on KuCoin’s legal issues in Singapore

April 27, 2020

Last week, Cointelegraph reported that KuCoin’s main web domain, Kucoin.com, had been blocked by a Singapore court. In a statement released on your website and public telegram channel last week, KuCoin claimed that our information was “not verified” and “wrong”.. In response, Cointelegraph is now releasing further evidence from its original report.

Email authenticity: Confirmed

In the original article, Cointelegraph employee Andrew Capon posted a screenshot of a GoDaddy email showing that the web domain registrar complies with a court order from the High Court of Singapore. Cointelegraph has since received the original email archive of the message sent by GoDaddy.

GoDaddy's email to KuCoin shows the domain that was banned by court order in Singapore

New details on KuCoin’s legal issues in SingaporeNew details on KuCoin’s legal issues in Singapore

GoDaddy’s email to KuCoin shows his domain, which was banned by court order in Singapore

With the new file, we were able to authenticate the cryptographic signature in the email headers and show that eThe email we received actually came from Courtdisputes@godaddy.com. GoDaddy has definitely sent the email and Cointelegraph has confirmed that it has been sent to the email address admin@kucoin.com.

GoDaddy did not respond to Cointelegraph’s request for comment.

A domain lock differs from a domain lock – kucoin.com is still accessible in Singapore. The meaning of a domain lock is that the domain cannot be transferred, so the current owner cannot transfer control of the domain to another entity.

The court order: what we know and what we don’t

Due to the peculiarities of the judicial system in Singapore, neither the full content of the court order nor the original complaint in the present case is available to the public. However, using the Singapore electronic process database, Cointelegraph was able to verify the existence of a “court order” issued by Judge Kannan Ramesh in case number HC / OS 342/2020, the same case number as referenced in the GoDaddy email. This command was issued on March 24, 2020, six days before the GoDaddy email.

Singapore's eLitigation database

Source: Singapore eLitigation Database, document no.HC / ORC 2156/2020

The defendants listed in this case are: MEK Global Limited, PhoenixFin Limited and PhoenixFin PTE Limited. As Cointelegraph previously reported, These companies have been sharing the trademark rights of the Kucoin logo to each other for some time, even though they have addresses in common – including Fortunate Icon, which was not mentioned in the recent court order.

In addition, PhoenixFin PTE is the current owner of the Kucoin.com domain name for assigned names and numbers, indicating that the address of this company is only “Singapore, Singapore”.

Neither the representatives of KuCoin nor any of these individual companies replied to requests for comments on this article.

According to the publicly available database, the plaintiff is in the case against KuCoin Convexity Limited. Documentation is limited However, a convexity based in Gibraltar shares a name and the last four digits of its identification number with the convexity specified in the court order.

Cointelegraph contacted Convexity, but the company did not respond at the time of publication. A person familiar with the matter told Cointelegraph Convexity provided KuCoin with cyber security services under a long-term contract.

KuCoin’s legal problems in the United States

In the United States, KuCoin was one of the companies in the crypto space that recently brought class action lawsuits in the southern district of New York.

For all appearances that have nothing to do with the Singapore case, in a New York lawsuit When listing and promoting various kucoin tokens during the initial frenzy of the ICOs from 2017 to 2018, security violations are alleged:

“”KuCoin participated in illegal applications and sales of securities for which no registration declaration was in force and for which there was no registration exemption“”

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