Kuna Review 2026

Brief Look at Kuna

Kuna, an exchange launched in 2014, was registered in Lithuania, the United Kingdom, and Canada. However, its core user base, infrastructure, and leadership were based in Ukraine. The platform served hundreds of thousands of users, supported peer-to-peer transactions in the hryvnia, and helped introduce crypto ATMs in 2017.
On January 22, the Shevchenkivskiy District Court in Kyiv, acting on a request from the Bureau of Economic Security (BES), ruled to block access to the kuna.io domain and its subdomains within Ukraine. According to founder Mykhailo Chobanyan, the company was not summoned to court and learned of the case only after hearing from users. Following the ruling, internet providers began restricting access. By January 28, approximately 85% of the exchange’s activity involved fund withdrawals.
In response, Chobanyan announced a full shutdown of Kuna’s operations worldwide. Users were given until April 2025 to withdraw remaining funds. Deposits ended in March, trading soon stopped, and the final round of withdrawals marked the complete closure in spring 2025.
The cause was not technical failure or insolvency but legal action. The BEB accused the exchange of possible tax evasion totaling about 50 million hryvnias, or $1.2 million. Chobanyan also stated that he would shift his focus to projects in GovTech and artificial intelligence, choosing not to escalate the conflict with Ukrainian authorities.
While Kuna was never charged with fraud and maintained a reputation for moderate reliability, the domain block triggered a wave of withdrawal issues. Meanwhile, scammers began exploiting the Kuna brand to deceive users.