But it is not yet clear where KuCoin is actually based.
Chainalysis, a major global cryptomore-analysis company, is expanding its presence around the world to embrace more jurisdictions for its crypto investigations.
Serving federal agencies such as Internal Revenue Service and the FBI, Chainalysis is opening new offices in Singapore and Tokyo to better serve clients in the Asia Pacific region, the company announced on 27 September.
By establishing the two new offices, Chainalysis is doubling its commitment to fully support local cryptomaniac companies, government agencies and financial institutions. The new offices will serve as sales centres, professional research services and training, the company representative said. Ulisse Dell’Orto, APAC’s executive director at Bitcoin Future, will be transferred to Singapore to lead the new operations as executive director.
In announcing the news on Twitter, Chainalysis highlighted that the new offices at APAC will serve as an important site for investigations into local cryptomorphs. It appears the company intends to closely investigate the US$200 million hack of the KuCoin Cryptomotic Exchange, allegedly based in Singapore. Chainalysis tweeted:
„The KuCoin hack is yet another example that cryptomore-exchanges, police forces and financial institutions around the world need investigative and compliance tools. We are excited to announce new offices in Singapore and Tokyo to better serve customers in the APAC region. „
As previously reported by
Cointelegraph, KuCoin said in 2018 that it was based in Singapore. However, KuCoin is not licensed in Singapore and has not registered with the Monetary Authority of Singapore – a mandatory requirement to operate legally in the country. It is not yet clear where KuCoin’s headquarters actually are. KuCoin’s profile states that it „operates in the Seychelles“.
Chainalysis did not immediately answer the Cointelegraph’s questions. This article will be updated depending on new information from the company.